SEC signals potential for advisory fee expansion in mutual funds
SEC chairman Hamer Budge indicated willingness to allow incentive fees in advisory work for large private accounts and pension funds while criticizing current mutual fund incentive fees. He cited earnings up to 4 percent for some funds and noted 76 of 120 funds with incentive fees did not provide for reductions when performance lags.
MENTIONED IN THIS ARTICLE
Securities & Exchange Commission
Hamer Budge
SEC
House
Budge
Pension choices and investment guidance in Daily Investor column
The columnist advises a 52-year-old with a $50 monthly lifetime pension to weigh a $6,000 lump sum against the guaranteed annuity. He suggests investing in top-quality bonds or an equity approach if funds allow, and explains mutual fund tax treatment. Also covered are college savings and two internal company appointments in Rensselaer with details on successors.
MENTIONED IN THIS ARTICLE
Elia
Consumer Voice guides and consumer product labels explained
The columnist answers requests on how clubs can obtain free copies of the Consumer Voice newsletter from ANSI, how to report defective appliances to the A H A M, and explains labeling rules for Imitation Ham. He notes FTC action on Post subscriptions, introduces static shock resistant carpet, and lists three year end items including UL leaflets and a labeling rule.
MENTIONED IN THIS ARTICLE
Consumer Voice
American National Standard Institute
Federal Trade Commission
Congress
FTC
Ireland Ranks 20th in Global Land Area
Ireland is listed as the world’s 20th largest country by land area, reflecting its standing among nations in geographic size and territorial extent. The claim places Ireland ahead of several sizable states in total land mass.
MENTIONED IN THIS ARTICLE
Ireland
Island
Open Marriage License Bureau In Schenectady
Schenectady offices and many businesses were closed by a storm strike with City Clerk Nardie Falcone keeping one essential service open in City Hall to issue marriage licenses. The strike by the International Union of Electrical Workers has left the city “electric city” bound since October 27 with white collar workers off work.
MENTIONED IN THIS ARTICLE
Schenectady
Nardie Falcone
Electric City
International Union of Electrical Workers
Trip Winner Marie Shaw Earns Valle Steak House Trip
Mrs. Marie A Shaw of Dudley Heights Rd is among 100 Valle Steak House employees awarded an all expense trip to Florida for superior performance in 1969. The trip by chartered plane will start Jan 6.
MENTIONED IN THIS ARTICLE
Marie A. Shaw
Dudley Heights Rd
Valle Steak House
Florida
Social Security Q and A on Retirement and Medicare
The article answers common questions about Social Security age 72 eligibility with no earnings limit, Medicare supplemental programs at 65, and appealing disability determinations. It cautions keeping earnings under $140 monthly for January to June if drawing at 72 and guides appealing a disability denial through a local Social Security office with new medical evidence.
MENTIONED IN THIS ARTICLE
Q—B. M. of
Troy
Q—H. N. of
Q—M. C. of
Social Security
Steers Named to Clupak Board of Directors
George A. Steers president of the Sanforized Co a division of Cluett Peabody Co was elected to the board of Clupak Inc a 50 percent owned subsidiary of Cluett Peabody Bar ry Leithead announced Steers who has served since 1944 in various posts at Sanforized Co including executive vice president and president in 1969 joins the Clupak board amid corporate leadership moves.
MENTIONED IN THIS ARTICLE
GAF
Rensselaer
Charles H. Stratton
Raymond Delaney
Martin M. Lemperle
Delaney
Chatham St
Nassau
Lemperle
Mountain View Ave
George A. Steers
Sanforized Co
Cluett, Peabody & Co., Inc
Clupak, Inc
Cluett, Peabody
Barry T. Leithead
Mr. Steers
Troy Club Roll Signing Rescheduled After Snowout
Club president George F. Curley announced that the Troy Club will hold its traditional roll signing next Saturday at noon, replacing last Saturday’s canceled ceremony due to record snowfall. It marks the first postponement in the century old club’s history.
MENTIONED IN THIS ARTICLE
Troy Club
George F. Curley
Also Mentioned on This Page
News of Troy Area Business and Industry
the Daily Investor
By Charles J. Elia
Margaret Dana
Guenther Baumgart
Association of Home Appliance Manufactures
North Wacker Drive
Chicago
Ill
Mr. Baumgart
Saturday Evening Post
Curtis Publishing Company
Open
John Guzek
Willow Street
IGA
OLD Plantation
Weiners
Pkg
Tablerite
Philadelphia
Lerge
Hi-Health Sour Cream Kraft Sharp Wedge Cracker Barrel
Kraft
ANGEL
Bond Pan
IGA Drug Dept
Boy-Ar-Dee
U.S
Underwood
Realemon Juice
Gulden’s
Maxwell House
MAX Pak
Melrose
SWEET
Cohoes
Saratoga
Steers
Clupak Board
the Rice Blog
51St Street
John Pattison
Davis
King Sr
Tro
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