Word: banker
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Last summer the four fresh-faced lads (whose names are changed here) -- the sons of a dentist, a teacher, a banker and a part-time police officer -- were shown to seats in the sanctuary of the Clifton Jewish Center, one of the buildings they defaced. They were chewing gum, cracking knuckles, trying to balance yarmulkes on their heads. Markovitz broke the tension. "Am I to judge you by your earrings?" the rabbi asked one boy from the pulpit. "You all grew up with beautiful families, but you must never take anything for granted. You must always relearn the lesson...
...Gate, has become a formidable chronicler of Roaring Eighties-style shenanigans and greed. In a deal befitting a literary superstar, publisher HarperCollins last month agreed to pay Burrough $1 million for a book on American Express and the smear campaign it waged in the 1980s against international banker Edmond Safra. "I was absolutely stunned," Burrough said of the cash advance. "To me, the money is not a real thing. It's kind of like it's happening to someone else...
...about next. "I moped around for quite a while," he recalls, "thinking I wouldn't find anything that interested me as Barbarians had." But before long, he was probing the story behind American Express's extraordinary campaign against Safra, which ended last year when the company apologized to the banker and paid $8 million in damages to him and his favorite charities. "I told my agent and publisher that I was working on something that could be the next book," says Burrough. When the Journal published his 10,000-word account on Sept. 24, HarperCollins enthusiastically agreed. "The story came...
Since consumer spending amounts to two-thirds of the economy, talk of a recession can be a self-fulfilling prophecy. "The recession starts in the heart, then is reflected in the charts," explains a senior Italian banker stationed in the U.S. "If you look into the hearts of people right now, you see a recession...
Also on the committee are three members of theBoard of Overseers: investment banker John C.White-head, University of Chicago president HannaH. Gray and corporate lawyer Wesley S. Williams,Jr. '63, who is the first Black to take part in aHarvard presidential search...