Word: wriston
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Another Try. The plans, however, ran into stiff opposition. The Securities and Exchange Commission pointedly failed to issue its customary "letter of comment," which evaluates new offerings. Arthur Burns, chairman of the Federal Reserve Board, wired Citicorp Chairman Walter Wriston an appeal to hold off the note sale for two weeks so that Government officials and Congressmen could study "the economic and financial implications of this novel type of issue...
...Pincher Jack Benny to kick $300,000 into a shaky oil scheme is no easy job. Enticing Financial Cognoscente George J.W. Goodman ("Adam Smith," author of The Money Game) to chip in $110,000 seemingly should be even harder. Or consider trying to gull $211,000 out of Walter Wriston, chairman of the First National City Bank...
...sing of capitalist exploitation). New York Yankee Catcher Thurman Munson put up an unknown amount; Republican Senator Jacob Javits of New York, $28,500; Federal Judge Murray Gurfein, who wrote the decision in the Pentagon-papers case, $70,000. Most astonishing is the list of astute businessmen like Wriston who invested their personal funds. Fred J. Borch, former chairman of General Electric, put up $440,920; William H. Morton, president of American Express, $57,000; Donald Kendall, chairman of PepsiCo, an unknown amount; James R. Shepley, president of Time Inc., $68,500; Thomas S. Gates, who was once Defense Secretary...
...Trippet, a man of some aplomb, would let slip "oh, casually" the names of celebrities he had already signed up. Says Kartiganer: "When investors of the caliber of the top executives at the First National City Bank have a piece of the action, there is a tremendous psychological effect." (Wriston says that First National City itself never recommended investments in Home-Stake to anybody...
...handsome, articulate and self-confident, "Tommy" Wilcox rose fast. He headed the bank's branch-expansion program in New York City and -perhaps recalling his own humble origins-was especially helpful in getting black businesses started. His only setback came in 1967 when he lost to Walter B. Wriston in a competition for chairmanship of the U.S.'s second largest bank. Not being No. 1 cramped him, though, and Wilcox quit in 1971 to join the investment firm of Blyth, Eastman, Dillon & Co. There, says a friend, he turned down "about 50,000 job offers." Then Crocker offered...