Word: accountants
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Dates: during 1980-1989
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...same time, the number of small individual investors who own stock has been steadily shrinking, and the Boesky scandal may well accelerate that trend. Says Bill Kasten, an account executive in the Chicago offices of the E.F. Hutton investment firm: "Smaller investors now think that they're just crumbs in the pie, that they have no control." Agrees Robert Nichols, president of Los Angeles-based RNC Capital Management: "If we don't restore the public's confidence, the public is going to exit and not come back...
...Caracas to the giant Merrill Lynch investment house alleged trading irregularities on the part of two of the company's employees in Venezuela, both of whom have since left the firm. In tracking down the accusation, Merrill Lynch authorities discovered that their employees' actions mirrored trades ordered through an account at the Bahamas branch of Switzerland's Bank Leu International. The brokerage did not know it, but the account was the main conduit used by Levine for making his own insider moves. Merrill Lynch passed on the information about Bank Leu to U.S. authorities in June 1985; it took almost...
...guerrillas on the defensive, the army has been unable to force them from their sanctuaries. Rebel strength is down to half the 1981 figure of 10,000. The F.M.L.N. is waging a war of attrition, relying on land mines to cripple the security forces. The mines currently account for more than half the army's average of 250 casualties a month. Rebel attacks on bridges and roads continue. Last week guerrillas dynamited nine electric pylons, causing a 24- hour blackout that affected nearly one-fifth of the country's 5 million people...
...bishops devoted nearly six hours of closed-door discussions to the affair. At the start, the Archbishop's colleagues gave him a long ovation -- but only three minutes on the floor to reply to Laghi's account. Hunthausen then handed out a lengthy statement, protesting that under the Vatican's secretive procedures he was never given the opportunity to answer any of the specific accusations and that some of the shortcomings had long since been remedied and other charges made against him were inaccurate...
...taking this into account," Reagan said in his statement, "all of the shipments of the token amounts of defensive arms and parts that I have authorized or condoned, taken in total, could be placed aboard a single cargo aircraft. Any other shipments by third countries were not authorized by the U.S. government...