Word: altmans
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Investigations in Washington, New York City and Florida are probing deeper into the bizarre affair and uncovering evidence of startling regulatory inaction, if not political chicanery. Clifford, 84, says he and his law partner Robert Altman, president of the bank, "have run First American for long years at the highest ethical level, and we are proud of our stewardship." But he acknowledged to TIME that he has retained a criminal- defense attorney to represent him in connection with the matter...
...nervous Federal Reserve officials that the buyers were ! acting as individuals on their own behalf. When questioned about B.C.C.I.'s financial role in the acquisition, Clifford flatly told the officials that there wasn't any. Clifford became chairman of the bank, renamed First American, and his law partner, Robert Altman, became president. Clifford regularly briefed Abedi on the U.S. firm's operations. When queried on the briefings, Clifford explained that B.C.C.I. as adviser to the Arab owners of First American needed to know about the banking company...
...City not only pressured the Environmental Protection Agency into clearing a 50,000-bbl. hazardous waste dump but helped push through a reluctant state legislature a bill to pay for such cleanups. "Parents believe you can't beat city hall, and find reasons not to get involved," says Andrew Altman, a spokesman for Greenpeace. "Kids don't have that kind of cynicism. They just get things done...
With $10,000 in grant money from the Altman Foundation, used mostly for props, salaries and administrative overhead, Christensen and the Big Apple Circus designed a five-week pilot program. As he tuned in to the needs of his new audience, Christensen made changes in his timing and toned down his circus-arena makeup and gestures to suit the bedside. Perhaps the most daunting hurdle was earning the respect and support of the medical staff. "They had to accept that we were there as part of their world," he says...
...investment, the retailing industry has the look of a losing bet. In just the past few months, hard times or bankruptcy has befallen such legendary stores as B. Altman, Bonwit Teller, Bloomingdale's and Abraham & Straus. Yet this prominent list of casualties failed to dampen the bidding war that began last September when B.A.T. Industries of London decided to sell Saks Fifth Avenue, one of the most prestigious U.S. retailing chains. At least four potential buyers vied for the richly profitable company (estimated 1989 earnings: $111 million), which has 45 stores in such locales as Manhattan, Beverly Hills, and Palm...