Word: wriston
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...board of directors, Henry Kissinger, 58, who was running for his second three-year term, had to seem like a shoo-in. There were, after all, only nine candidates in the race: Kissinger, former Treasury Secretary W. Michael Blumenthal, 55, Xerox Chairman C. Peter McColough, 58, Citibank Chairman Walter Wriston, 61, Economist Marina von Neumann Whitman, 46, Chicago Sun-Times Publisher James Hoge, 45, former State Department Official William Rogers, 54, Washington Post Columnist Philip Geyelin, 58, and former Secretary of State Cyrus Vance, 64. But when the vote was announced last week-gasp -Kissinger was dead last. Said...
...into a checking account, where it earned no interest at all; and perhaps into a few safe stocks. But today millions of people are taking money out of those traditional savings havens and putting it into accounts that often earn a return of as much as 17%. Says Walter Wriston, chairman of New York's Citibank: "Americans are not stupid. They have been seeking a better return on their money and getting...
...like so many telephone booths. The new tellers can take deposits, issue cash and transfer funds from a savings account to checking. The machines already handle about 30% of the bank's consumer business at one-half the cost of transactions handled by human tellers. Says Bank Chairman Wriston: "People love them. The machines are polite, bilingual in English and Spanish, and are available 24 hours a day, without coffee breaks...
...Walter Wriston, chairman of New York's Citibank, who has no M.B.A.: "We look on the M.B.A. degree as a tough filter through which people pass. It's one that lets them hit the deck running. But after you've been around a few months, nobody asks you where you went to school. They ask: 'What...
Business and union leaders have joined together to form a new labor-management group with the help of Harvard Professor John Dunlop, who was President Ford's Secretary of Labor. The Roundtable's Garvin will head a management contingent that will also include Evans, Wriston and Mettler. The alliance will search for ways to create new jobs, boost industrial productivity and bolster U.S. competitiveness in world markets...