Word: assets
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Wilson himself is Labor's strongest asset. With his wit, unflappability and easy manner with voters in pubs as well as on podiums, the perpetually pipe-smoking Wilson, 54, stands in strong contrast to Heath, 53, a somewhat starchy bachelor with an uneven, often irritable manner. Opinion polls reflect Labor's edge. At week's end Labor led by as much as 5.5%, which would translate into about a 60-seat majority in the House of Commons...
...hell of a lot more people will go." It would be dangerous, however, if many salesmen defected on their own. European financial pages are carrying ads placed by rival funds trying to lure I.O.S. salesmen -and their clients. The 14,000-man sales force-I.O.S.'s principal asset-has dwindled by several thousand. Unless it can be kept together, there will not be much left of the company to salvage...
...I.O.S. is a financial conglomerate that makes money in three ways: 1) from commissions on the sale of mutual funds to the public, 2) from fees for managing those funds, and 3) from underwriting, banking, real estate and insurance operations. But the prolonged bear market has reduced the asset value of most I.O.S. funds, and sales have been lagging. Commission income has fallen, and management fees are down because assets have shrunk...
Work must be done in the next few years to project the strengths of black people. We are seen always as a problem and a burden, never as an asset. Everybody thinks in terms of what they must give to us, and not what we are able to give to the larger society...
...complicated that some of his own bankers admit they do not grasp it. For several weeks, Ling has also been trying to tell his story to a congressional committee that is investigating conglomerate mergers. When Representative Emanuel Celler charged that LTV's debts exceed its salable assets by $171 million, Ling replied that the consolidated balance sheet was "not really meaningful." He reasoned that LTV's interests in some subsidiaries, including Braniff International Airlines and Okonite, a wire and cable maker, were undervalued because control of a company normally commands a premium over the market price...