Word: client
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Dates: during 1960-1969
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Everyone can also be a worrier, for insecurity is the rule. The admen live in a world where the stealing of accounts and executives is a way of life, and where a client's hunch or whim may erase a score of jobs overnight. On average, the U.S. adman changes his job once every three years during his 30s and once every four years during his 40s-a far swifter turnover than in corporate life as a whole...
Unlike banks and commercial finance companies, factors are not primarily lenders of money to their clients; instead, they bet that their customer's customers will pay their debts. The client company turns over all its accounts receivable (i.e., bills owed it) to the factor, who, having previously approved the credit of the client's customers, assumes full responsibility for collecting the bills and absorbing any bad debts. The factor either advances the businessman up to 90% of the amount he is owed at 7.2% interest, or pays him in full when the bills fall due. Thus, the client...
Many businessmen are still reluctant to link up with a factor for fear of scaring off customers. Richard Reynolds, president of the Childhood Interests toy company, a Talcott client since 1957, said last week: "We had little idea of what factoring meant-beyond the notion that it was something to be avoided at all costs. But our bank channels had dried up, so we had no choice. Factoring has enabled us to double our business, and, everything considered, costs us less than other forms of financing...
...Bertrand Goldberg tried to explain this concept to his mother-in-law, she replied: "That's simple. It's what we used to call living above the store." The reasons for round buildings are as varied as their purposes. In some, roundness has been dictated by a client who simply wants "something different"-and to this group belong the mushroom motels and "fun" private houses that punctuate the countryside. In others, site, utility and economics, as well as esthetics, are factors. Round buildings can be functional and beautiful, thrifty and structurally sound. As long as rectangular city blocks...
...commission after delivering a lecture at the Johnson Foundation in Racine, Wis., last winter. Acting as cautiously as if he were setting out to steal the Mono, Lisa, Nordness began to round up the paintings, and being a dealer himself was able to get them for his "anonymous client'' at realistic prices...