Word: hogg
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Dates: during 1980-1980
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Seven months ago, Russell Hogg (rhymes with vogue), 50, became president of MasterCard, and set out to take back leadership in bank credit cards. A craggy onetime FBI agent with executive experience at American Express and American Airlines, Hogg promptly fired eight top officials and laid plans for a host of new products. The debit card is soon to be followed by a Japanese MasterCard and traveler's checks...
...Indeed, ex-fags point to benefits from fagging. "You learn how to command by learning how to obey," says one Old Etonian. Beyond that, a good senior, or "fag master," helps new boys find their way around the complex campus and sometimes becomes a lifelong friend. Recalls Sir John Hogg, 62, chairman of the Old Etonian Association: "I had an extraordinarily good fellow as one of my fag masters. Our contact bridged an age gap in a very successful way." Then too, fagging at Eton created a great many social distinctions that are a British specialty. For example, "tea fags...