Word: banker
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...Freeman, 44, head of the company's arbitrage department. Freeman was arrested and escorted from the building. Driven across town to Manhattan's federal court building, the handcuffed executive joined another distinguished Wall Streeter who had been arrested the night before. Timothy Tabor, 33, a former Kidder, Peabody investment banker and subsequent Merrill Lynch executive, had been picked up at his Upper East Side apartment. The charge against both men: conspiracy to commit insider trading...
...authorities ever had such an attitude, it has changed. Last month a Manhattan federal judge sentenced Wall Street Lawyer Ilan Reich, 32, to a year and a day in prison for his role in an insider-trading ring led by Investment Banker Dennis Levine, a former Drexel Burnham managing director whose 1986 arrest led to the eventual uncovering of the Boesky scandal. In passing sentence on the now disbarred lawyer, the judge said his punishment was intended as a deterrent. Last week another Manhattan judge gave an identical term to Robert Wilkis, 37, a former investment banker at Lazard Freres...
...austerity measures are nowhere in sight. One New York bank last month wrote off as a bad debt $40 million of the $257 million it is owed by Mexico. A consortium of 200 U.S. banks is delaying the transfer of funds for a $7 billion loan. Says a foreign banker: "In 1987 spending will outweigh any prudence." That is unlikely to reassure many leery Mexicans. For most, the yearning for a better life is tempered by the knowledge that things can -- and probably will -- get much worse...
...title of founding father, however, belongs to Honey Fitz's son-in-law Joseph Patrick Kennedy. Once he makes his entrance as Harvard man, Rose's suitor and shrewd young banker, he dominates the narrative. Joe and Rose begat Joseph Jr., John, Rosemary, Kathleen, Eunice, Patricia, Robert, Jean and Edward. There are some formidable characters here. Rose was defender of the faith and the stoic keeper of the hearth and appearances. Joe Jr., killed during World War II on a near suicidal bombing mission, was the pick of the litter. Vivacious Kathleen ("Kick") died in 1948 with her foolish lover...
...only remaininglawyer on the Corporation, which has traditionallyhad a large number of lawyers among its ranks.Currently, the Corporation also includes twoacademics, Rosovsky and University of Illinoisphysicist Charles P. Slichter '45; twobusinessmen, Gillette Co. Chairman Colman M.Mockler '52 and New York shipping executive RobertG. Stone Jr. '45; and a banker, MacDougall...