Class Notes

1959

SEPTEMBER 1985 Richard A. Masterson
Class Notes
1959
SEPTEMBER 1985 Richard A. Masterson

Welcome back after what was hopefully an enjoyable summer season! Your, class secretary is looking forward to his second year in this privileged job. During Class Officers Weekend in Hanover in early May, Juliana and I shared several pleasant meals with Bob and JoAnn Werbel and Andy and Arlene DuBoff. Bob and Andy have been close friends since high school days, yet we were made to feel like old friends as well. We stayed in Quechee, Vt., for the week, and I attended the first annual meeting of the newly-formed Dartmouth Lawyers Association the following weekend, where I encounted KarlHoltzschue, who had been appointed as New York State coordinator for that group.

I know I have said you don't have to have been an achiever to get your name in this column. However, that is one way to do it, as you will see. Thanks to tips from Bob Werbel, who doesn't miss many rumblings on the financial scene in New York, and from Os Skinner '28, a fellow class secretary, we learned that our class vice president Moose Morton was named chairman and chief executive officer of the Boston Stock Exchange back in May. In a May 11, 1985, article on Moose's appointment, The Boston Globe reported that under Moose's predecessor, the exchange lost money in 1981 and 1982, but turned profits in 1983 and 1984. Its fiscal year 1985 profits are expected to approach $1 million, which is the amount it lost in 1981. The exchange has seen its volume increase five-fold to about 1.5 million shares a day and its membership triple to 95. Moose is of the opinion that developments in electronics and the automated markets will allow regional exchanges to compete more effectively. He doesn't expect to make any sweeping changes in the way the exchange is run. He does expect to put relatively more emphasis on appealing to local brokers' regional pride to build order flow, and relatively less on competing with other regional exchanges. Moose's predecessor said that his appointment "is a sign that the Boston Exchange has arrived. Two or three years ago, we could not have attracted a person of his caliber." Formerly, Moose had been vice president of Dean Witter Reynolds in New York. He recently saw Dick Press, our class newsletter editor, and sat on a Boston-bound flight from New York next to Bill Gundy '60, whose backfield he occasionally shared as an undergraduate.

Bob Worthington was awarded the 1985 National Award for the Most Outstanding Member of the 3,600-member United States Pilots Association. The award is given annually to the member who has contributed the most to general aviation. A photo of the event accompanies this column. In addition to his work directly related to the USPA, Bob has worked long and hard to promote general aviation as a writer for numerous aviation publications. He and his wife, Anita, have logged about 40,000 miles each year in their own aircraft, doing the research behind his writing. Bob is currently teaching two business courses at West Texas State University. He is also coauthoring a book along with his wife for subsequent publication this year by Oasis Press (Calif.) entitled Staffing a Small Business: Hiring,Compensating, and Evaluating. Bob says he has three more books in various stages of writing and would like to know if there are any of us out there who can refer him to a good literary agent. If so, call him at 806/655-1223. Bob hopes that the Small Business Administration will look favorably upon his university's request for a grant to help fund its Small Business Development Center, which he directs. The SBA recently ranked one of his students in the top four, in national competition, for a business project.

Tom Seessel was recently appointed director of the National Council on Alcohol- ism, the private nonprofit health organization with offices in New York and Washington. The NCA, founded in 1944, promotes greater public understanding of the disease of alcoholism and works to prevent alcohol abuse and alcoholism through nationwide education and prevention campaigns. Tom had formerly conducted a private practice of management and public affairs consulting in Hopewell, N.J., since 1979. Some of his leading clients include the Ford Foundation, Joseph E. Seagram and Sons, and the Fund for the City of New York. Prior to establishing his own business, Tom was founding executive director of the New Jersey Housing Finance Agency, senior program officer with the Ford Foundation, deputy commissioner of the New Jersey State Department of Environmental Protection, and executive vice president of MDRC, a nonprofit economic and social policy research firm. He graduated Phi Beta Kappa and cum laude from Dartmouth and earned a master's in public affairs from Princeton's Woodrow Wilson School of Public and International Affairs in 1964. He held an NROTC scholarship at Dartmouth and was an officer on active sea duty in the U.S. Navy from 1959 to 1962. Tom has been recovered from the disease of alcoholism since 1976. He and his wife, Diane, a certified alcoholism counselor, reside in Hopewell. They have three children: Adam, 21, a 1985 summa cum laude graduate of Dartmouth; Jessica, 19, a Dartmouth sophomore; and Ben, 17, a senior at Hopewell Valley Central High School, who spent this summer on an American Field Service (AFS) program in Brazil.

Bob Worthington '59, right, recently received the 1985 National Award for the MostOutstanding Member of the United States Pilots Association. The award was presented tohim by the USPA president, left.

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