Word: batten
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...Charles Philip Arthur George Mount-batten-Windsor did not exist, who could invent him? Consider. He can pilot a jet fighter and knows enough about helicopters to help repair them. He has skippered a Royal Navy minesweeper through North Atlantic gales with the skill of a yachtsman handling a racing sloop. He plays an aggressive, three-plus-handicap game of polo and is a qualified paratrooper. He is a gifted amateur cellist who can be moved to tears while listening to the music of Berlioz. He has scuba-dived in the Caribbean, schussed down Alps, sambaed into the night with...
Even after years of victory, the outspoken admiral refuses to batten down his lip. He has criticized defense contractors for not knowing ships from "horse turds," urged Congress to issue most admirals coloring books to while away their time, complained about the training at Annapolis. The Navy brass still harbors hopes of getting rid of him, but it is no match for his powerful friends on the Senate and House Armed Services committees. One of them, Democratic Representative James Lloyd of California, came to his defense last week with a broadside of marvelously mixed metaphors: "I am not prepared...
Needham will be succeeded on May 19 by William Milfred Batten, 67 next month, who spent 48 years at J.C. Penney, the big retailer, before retiring as chairman and chief executive. Four years ago he was named a Big Board director. Aside from his brief exchange tenure, "Mil" Batten has had no experience in securities markets. But the exchange's directors view him as a man who can unify the exchange's diverse elements-at least for the next year or two-and help Wall Street adjust to Government-ordered changes. Among them: the abolition of fixed commissions...
Powerful Wall Streeters began looking for a replacement last year. One who was considered: Melvin Laird. Two weeks ago, Batten was persuaded to take over the chairmanship while Needham was in Europe. When Needham returned early last week, he was presented with a fait accompli. He resigned. His successor Batten may well be only a caretaker chairman. Among candidates to succeed him eventually: Paul Kolton, current chairman of the American Stock Exchange and Donald Marron, the brilliant (IQ: 190) chief of Mitchell, Hutchins, a Wall Street brokerage house. Needham plans to stay on as a consultant to Batten...
...diverse as market research, ad creation, media buying, and product and package design; admen sometimes even wrote obituaries of executives of client companies. Now many increasingly sophisticated advertisers have their own research and media departments and no longer want to pay for all these services. Full-service agencies like Batten, Barton, Durstine & Osborn, Ogilvy & Mather, and Grey accommodate clients by providing services individually, or "à la carte," for negotiated fees...