Word: banker
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...boss is by turns charming and demanding. Extremely demanding. His edict to top managers: "I don't need a $100 million mistake. Try to make it a $5 million mistake if you have to make one." Investment Banker Felix Rohatyn, who helped rescue New York City from insolvency in 1975, sums it up: "Lee is a man who can instill leadership in a crisis. He knows his business from front bumpers to back ends. He is the right man at the right time...
...There's nothing wrong with an enduring institution being in debt, "said Sherwood E. Bain '45, a Boston investment banker who regularly writes about Harvard finances "When you're going to pay it off in cheaper dollars, so much the better," he added...
...finished eight European movies. "I hardly see myself as a sex symbol," says she, "but it is lovely pretending." American audiences will have their first chance to see her pretending in The Gift, a French farce due out in March. As the going-away present given to a retiring banker by his office chums, Goldsmith is a dimpled, tousled-haired romp in the hay who might just finish off the gold-watch industry...
...naturally expects. From the beginning he has led a productive, patrician life of unimpeded success. After graduating from Harvard, Nitze amassed a fortune during the Depression as an investment banker. In government since 1940, he oversaw the creation of the Marshall Plan and the NATO Alliance; in the early '60s he helped manage U.S. responses to crises over Berlin and Cuban missiles. Some who know him suggest that Nitze is now driven to achieve an INF treaty as a sort of final professional capstone. Nitze scoffs: "I just don't give that kind of thing any thought...
...million in loan-loss reserves, mostly to cover losses on energy loans acquired from Penn Square Bank, the notorious Oklahoma City institution that failed last July. But last week Seafirst announced that it had added $125 million to the reserve in the fourth quarter alone. Notes a Seattle banker: "Their problems go far beyond Penn Square...