Word: banker
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...Street's buttoned-down moneymen. He realized that his success in any takeover battle will depend on winning the confidence of institutional investors like pension funds, which hold more than 60% of CBS stock. Nonetheless, the drawling Southerner remains largely an outsider. When he went shopping for an investment banker for the CBS deal, he was reportedly turned down first by Drexel Burnham Lambert and then by Shearson Lehman. Finally he reached a deal with E.F. Hutton, a relatively inexperienced player in the merger game...
...banks have not declared these countries to be in default because the lenders hope that payments will eventually resume. "A default becomes a real mess," says one New York banker. Since the debts of Bolivia, Nicaragua and Peru are relatively small and spread out among many lenders, the banks' losses on these loans have been easily offset by healthy profits in other lines of business. Bank earnings will suffer, however, if either Brazil or Argentina falls more than a few months behind in its payments...
...Banker, which is what I did want to do originally,” Wheeler explains. “But I just feel like when a country’s given you the opportunity to do as many things as America has, then you should be willing to give something back to your country. And this is the best way that I saw to do that...
...lost its appeal. "I wanted to be involved," Zhu recalls. "I wanted to do something more useful than studying poetry written by a dead person." He took a leave from the doctorate program?never to return?shifted into law school and in 1995 joined Morgan Stanley as an investment banker. Since then, Zhu, 42, has made himself very, very useful to the Chinese economy. Morgan Stanley has raised $20 billion for Chinese companies, mainly through initial public offerings of stock, and Zhu has been involved in nearly all of them, including mobile-phone-service provider China Unicom, Ping An Insurance...
Jonathan Zhu, chief executive officer of Morgan Stanley China, calls himself an "accidental banker"?and for good reason. In the late 1980s, the Shanghai-born Zhu was studying the poetry of William Wordsworth in a Ph.D. program at New York's Cornell University. Wordsworth, he says, wrote his best work during the French Revolution, a period Zhu felt reflected his own experience in Mao's China. But in 1988, Zhu's life changed forever when he joined other Chinese studying abroad on a special tour of his home country, organized by the communist government. He met farmers and fishermen, visited...