Word: bankers
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...student, he fell in love with and married Mirjana Markovic, daughter of a distinguished partisan and party family, and together they climbed her connections up through party ranks. Educated in the law, he filled high posts at Tehnogas and Beobank, but he was not really a lawyer, technician or banker. He was a party "fixer." By 1984 he was fixing his way through the national party, and by 1987, he led Serbia's Communist Party...
Through something called swap funds, also known as exchange funds, Wall Street has divined a way for some overly concentrated investors to trade one stock that has risen for a basket of stocks of equal value--avoiding any immediate capital-gains tax. A crush of financial firms, including Banker's Trust, Salomon Smith Barney, J.P. Morgan and Donaldson Lufkin Jenrette, are launching swap funds right now. They aren't entirely new. But Congress took a whack at limiting them two years ago, and they're resurfacing with a new look...
...allegedly stole information from a host of rivals without so much as a bug or a mole. Instead, according to a lawsuit filed last October by Johnston Industries, based in Columbus, Ga., one Milliken employee posed as a business-school student researching a paper, and another played a Swiss banker seeking investment opportunities. One alleged target, NRB Industries, has reportedly settled its case against Milliken. The $2 billion-a-year titan has denied the charges, but Johnston, a $330 million-a-year textile firm, claims it lost $30 million to the alleged skullduggery. "It defies logic," says president D. Clark...
...sweats. "Waiting for his decision has been suffocating," complains a top moneyman for another campaign. Other Republican hopefuls crisscross the country and strain eager smiles for potential donors, but the Texas Governor has let the party come to him. Last week a muscular troika of rainmakers that included investment banker HENRY KRAVIS, oilman JOHN MORAN and fund manager LEWIS EISENBERG made the pilgrimage. Rival camps are terrified that Bush will reject federal matching funds and the campaign-spending limits they impose, and Bush's aides are coy on the subject. Why pass up the free money? To compete with STEVE...
...sweats. ?Waiting for his decision has been suffocating,? complains a top moneyman for another campaign. Other Republican hopefuls crisscross the country and strain eager smiles for potential donors, but the Texas governor has let the party come to him. Last week a muscular troika of rainmakers that included investment banker Henry Kravis, oilman John Moran and fund manager Lewis Eisenberg made the pilgrimage. Rival camps are terrified that Bush will reject federal matching funds and the campaign-spending limits they impose, and Bush?s aides are coy on the subject. Why pass up the free money? To compete with Steve...