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...letter by Konigsberg and Korn, who areroommates and veterans of Wall Street, reads,"Actually, I don't have the faintest idea what aninvestment banker does, but my friends tell methat you pay more than $1000 per week and takeemployees to athletic events, fancy dinners, andcreative theme parties...

Author: By Teresa A. Mullin, | Title: B-Schoolers Spoof Cover Letters | 2/5/1987 | See Source »

...success was always paramount with George. In 1943, at 18, he became the youngest pilot in the Navy. He won the Distinguished Flying Cross for bravery under fire. Longtime friends believe that Bush, one of four sons, was determined to please his imposing father, Prescott Bush, a Wall Street banker who later became a U.S. Senator from Connecticut. However it happened, the son has ever since been in physical overdrive...

Author: /time Magazine | Title: Where Is the Real George Bush? | 1/26/1987 | See Source »

...slugfest of a meeting, the board voted 17-3 for Isozaki, at which Palevsky resigned in a huff and sued for half his money back. But by then other key grants were in line. The "major breakthrough," according to Director Richard Koshalek, was getting Security Pacific Banker Carl Hartnack on the MOCA board. This gave MOCA real standing with the downtown business establishment, which came to see the museum's success as a necessary emblem of the economic rebirth of Bunker Hill...

Author: /time Magazine | Title: Art: Getting On the Map | 1/12/1987 | See Source »

...based on knowledge of impending corporate raids, the Boesky scandal heated up the public scrutiny of takeover artists. Economists and other thinkers wondered out loud whether greed had gotten out of control on Wall Street. "This is no longer free enterprise. It's predators on the loose," declared Investment Banker Felix Rohatyn, perhaps the most outspoken critic of corporate raiding. Observers began to describe the era as a time of paper entrepreneurship, in which a lot of stock and money changes hands but no real work gets done to benefit the economy. "In America, industry has become the plaything...

Author: /time Magazine | Title: Topsy-Turvy | 1/5/1987 | See Source »

...democratic El Salvador may find it difficult to last without substantial doses of continued American economic and military support. The U.S. has a high stake in Duarte's survival but seems uncertain precisely how best to strengthen his hand, apart from providing massive aid indefinitely. Says a Salvadoran banker: "The poor are a lot less afraid of Communism than the wealthy, and it is the poor who are suffering." U.S. policymakers are mindful of that assessment. To counter the implicit threat, Duarte, whose government is reportedly plagued by low-level official corruption, must not only obtain additional money and political...

Author: /time Magazine | Title: El Salvador Up Against Hard Realities | 12/1/1986 | See Source »

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