Word: wriston
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...alike outlets from Hawaii to Maine. Until recently, one area of business was restrained from going this route: banking. While Canada has just eleven banks and Britain has about 300, the U.S. has some 15,000. Nebraska alone has 283 different banks, Oklahoma 256 and Colorado 126. Says Walter Wriston, chairman of New York's Citicorp: "When the pioneers got off the wagon train going west, they set up a general store, a saloon and a bank." The general store and the saloon may be gone, but the bank probably remains, protected by state and federal legislation from encroaching...
...odds-on favorite to succeed himself. The only other serious contender is Alan Greenspan, 57, a frequent adviser to the Reagan White House and once Gerald Ford's chief economist. Others who were candidates, or fancied themselves candidates, are no longer being considered. Among them: Citicorp Chairman Walter Wriston, Federal Reserve Vice Chairman Preston Martin and Treasury Under Secretary Beryl Sprinkel...
Other names sometimes mentioned: Martin Feldstein, 43, the current chairman of the Council of Economic Advisers, and Citicorp Chairman Walter Wriston, 63, probably the wittiest of all the candidates. Last month Wriston took himself out of the running by saying that he did not think that a former banker should head the Federal Reserve, which oversees the nation's banks. But then he explained, "Actually, no one ever offered me the job." Also mentioned, but only as long shots: Treasury Secretary Donald Regan, 64, and Treasury Under Secretary for Monetary Affairs Beryl Sprinkel, 59, an ardent monetarist...
...possible successor is Preston Martin, the California businessman whom Reagan named Federal Reserve vice chairman last year. Walter Wriston, chairman of Citicorp and an outside Reagan adviser, is also mentioned, as are three former chairmen of the Council of Economic Advisers: Herbert Stein and Paul McCracken, who served under Richard Nixon, and Alan Greenspan, who was Gerald Ford's top guru...
...Countries may indeed last forever, as Wriston says, but governments do come and go. More to the point, even if they do not go, they can stop payments, whatever the cost-most likely no more access to the world's credit markets. In the mid-1800s, when the U.S. was a developing nation, four American states (Pennsylvania, Maryland, Louisiana and Mississippi) defaulted on British loans. Though three subsequently paid up, Mississippi is still listed in London as a bad debtor; it owes $5 million for a bond issue, excluding interest. More recently, whole countries have repudiated their foreign loans...