Word: banker
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Dates: during 1970-1979
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Back in 1976, Jake Butcher, who may well be Tennessee's next Governor, loaned his friend and fellow banker Bert Lance $443,000 for some of Lance's elaborate financial deals in Georgia. Some wags are now suggesting that Butcher's loan should be classified as an educational expense, so closely has the Tennessee Democrat imitated Lance, both in his banking practices and his ability to get close to Jimmy Carter...
...showed that only 38% of the public wanted him to run for re-election and that half the people did not want him even to try. A similar survey last week indicated that 50% of the public think he should run again and only 38% are opposed. Explains Investment Banker Nimrod Frazer, a Democratic fund raiser in Montgomery, Ala.: "People down here say that Carter has finally stopped fooling around and has taken charge. Taken charge-that's the buzz word...
...change in the city's charter that would allow him to run for a third term next year. His opponents include the Black United Front Against Charter Change, the liberal Committee to Protect the Charter and the businessmen's Committee for the Defense of the Charter. Says Banker R. Stuart Rauch Jr.: "Rizzo is a master at fragmenting the opposition, but now he's running against the most organized, best-financed, toughest opposition he's ever had." Businessmen have raised $200,000 primarily for radio and TV ads. Black leaders have conducted a registration drive that...
What is wrong is the bankable-star problem. This means that banks will not back a big film unless the star is someone even a banker has heard of. Thus, when you want to cast a black version of The Wizard of Oz, you do not hold an audition for beautiful teen-age black girls who can sing like crazy, though the possibilities of such an audition stagger the imagination. You sign up Diana Ross, who is beautiful, sings Like crazy, and is known to bankers from a career dating back to the early '60s, when...
...ruggedly handsome Charles ("Pug") Ravenel Jr., 40. The son of a sheet-metal worker-from the poor side of a distinguished South Carolina family-Ravenel won scholarships to Exeter and Harvard (where he was quarterback of the football team). Then after seven successful years as a Wall Street investment banker, he returned in 1972 to his home state, started an investment firm and prepared to run for Governor. His seemingly sure election in 1974 was snatched out of his hands: he had won the Democratic nomination but the state supreme court ruled him off the ballot for not meeting South...