Word: banker
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...moneymen who worked on the merger have been major winners too. Salomon Bros, and Merrill Lynch, Gulfs advisers, will split $46 million in fees. Morgan Stanley, Socal's investment banker, has received $1 million so far, and will be paid $15.5 million more when more than half the Gulf shares are acquired. And Bank of America, which arranged a $14 billion credit line to finance the buyout, will collect $500,000 for that service...
Despite starting a whisker late, Salomon caught up fast. Of the $30 billion worth of zeros that have so far been sold, the big investment banker has moved about $12 billion. Merrill Lynch accounts for sales of $11 billion more of the securities, while such big brokerages...
MARRIED. Luci Baines Johnson, 36, daughter of the late President Lyndon B. Johnson; and Ian Turpin, 38, a Scottish banker based on Grand Cayman Island; both for the second time; at the L.B.J. Ranch in Stonewall, Texas. Her 1966 marriage to Patrick Nugent ended in divorce 13 years later. This time 300 friends were invited to the reception. "It was small from our perspective," said the bride...
...already been subtly put, money was all the word at this conference. Workshops on money and marketing were the best attended and, to all but one speaker, the foremost advice was to find a rich partner. "Have a rich Aunt Susie," advised a banker, a venture capitalist. "Let me tell you there is no better source of capital than being born into the right family, nothing better...
...Espriella, a respected former banker, tried to continue the course toward elections and democratic rule set in motion by Torrijos. But in fact, the pending election may have been what caused his departure. According to close friends, the former President was being pressured by the National Defense Forces to reorganize his Cabinet to include supporters of an official candidate. He may have stepped down rather than see the election become unfairly slanted...