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Investment Lunch With Lehman Bros Chiefs Shapes 10 Million Plan
At a New York lunch, Frederick Frank and Robert McCabe of Lehman Bros discuss allocating a $10 million profit sharing fund. They favor a 90 percent stock stance, citing strong U.S. economic forces, potential profits growth, and optimistic signs for corporate earnings. They name consumer and energy sectors, real estate trusts, and government-influenced areas as favored targets. The dialogue underscores inflation fears, phase II controls, and a hoped-for new global monetary system to support growth.
MENTIONED IN THIS ARTICLE
New York
U.S. Treasury
Frederick Frank
Lehman Bros., Inc
Robert A. McCabe
Bothy
Frank
U.S
McCabe
Frank and McCabe
Oil