Word: turnoveritis
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And Growing. The mutual funds are only half as big as the pension funds, but weigh almost as heavily in the market because they commonly put $4 out of every $5 into stocks. In the 100 most important funds, tremendous buy-or-sell power is wielded by small committees of...
It was progress of a sort. Most of the nine previous changes in Saigon's government were spawned by jealous generals and accompanied by the rumble of tanks. Last week, as the four-month-old civilian government of Premier Phan Huy Quat turned power back to the military, the...
Atkins stressed yesterday that a turnover of three or four members a year is "not at all unusual" in the Department, which has nine permanent members and one term appointment.
Looking North. Wherever they have turned, the Brandon brothers have made supermarketing look easy. Says Ralph Brandon: "We based our first decision to enter the business on the premise that people are alike all over the world. We weren't wrong then, and we still haven't been...
Aspirin & Cigarettes. A onetime crusading aide to the late Senator Estes Kefauver, Rand Dixon works hard at appearing more reasonable than he used to be. When he became boss in 1961, he scarcely concealed his distrust of big business, often squabbled with his four commissioners. Frustrated by the fights on...