Word: witters
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...three years he was available to Astoria again, but the U.S. Football League's Denver Gold hired him for his marketability. Sales boomed briefly, but within a year he was fired again. At 58, Miller has, in a phrase coaches use on cut day, "resumed life" as a Dean Witter stockbroker. Norris Weese, the Bronco quarterback who finished the Super Bowl, visited Miller's office recently, and the coach gave him a tour of the different-size cubicles. "Like coaching," Miller says, "it's just a matter of putting in more hours than anyone else. I want...
...million for the third quarter of 1986. He has promised an unspecified profit for the fourth quarter. If he delivers, it will be the first time TWA has finished that period in the black since 1966. Even so, says J. Clarence Morrison, a senior analyst at the Dean Witter Reynolds investment firm, the "question is whether Icahn's plate is now getting too full...
...battles are bound to be fierce. Says Mark Daugherty, who follows the airline industry for the Dean Witter Reynolds investment firm: "People Express is about to test its pain threshold. Cracking these markets is not going to be easy if American and Delta play rough." During the past several years Delta has successfully squelched United's attempts to expand its Atlanta business. "We have been developing this market for 41 years," says a Delta spokesman. Both American and Delta have already matched People's fares, although they have imposed certain restrictions. Moreover, they offer frequent-flyer bonus programs, while People...
...Havens, head of stock trading. The fight has got so emotional that hundreds of employees on Morgan's vast New York City trading floor stood and applauded Havens for seven minutes on the day he left, which some saw as a repudiation of CEO Phil Purcell, the former Dean Witter boss who is running the show...
...understand how a venerable firm like Morgan got into this pickle, just do like they do on Wall Street and follow the money. When Chicago's Dean Witter bought New York City's Morgan for $10.4 billion and later adopted the Morgan name, Purcell became top dog. Morgan's John Mack became the No. 2. That didn't sit well with Morganites, but this was near the zenith of day trading and the rise of the individual investor. The blue bloods at Morgan needed an Everyman presence, and Dean Witter (once owned by Sears) fit the bill. They caved...