Word: transactional
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Dates: during 1970-1970
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...also beset by internal politics and bickering. One prominent securities analyst denounces the Big Board as a "Byzantine, conspiratorial Kafkaesque monster." The owners of the exchange, the 1,366 members who hold a seat entitling them to transact business on the exchange floor, have varied and often conflicting interests. When confronted by almost any proposal for change, the 33 governors divide into several factions, and the splits slow the pace of change that Exchange President Robert Haack is trying to bring about. Says Haack: "My job is to move these people into the 21st century...
...have no sympathy for those corporate laggards who transact business as usual, waiting for the governmental whip to prod them into action. If big business needs guidance in formulating social acceptance programs, why doesn't it seek out political and social scientists and ecologists with the same zeal it displays in wooing accountants and engineers...
...past, Cambridge mayoralty elections have dragged on for great lengths of time. The City Council has taken as long as four months to decide on a mayor. A ruling made this year by City Solicitor Philip Cronin '53 allows the Council to transact official business before electing a mayor...