Word: bankers
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Dealmakers like Weill insist that won't be a problem. And he may be right for a different reason: the history of megamergers is that they tend not to work as planned. "When you create these oversize companies, they become vulnerable by definition," says Porter Bibb, a senior investment banker at Ladenburg Thalmann. Big firms can't react to small opportunities, so new businesses pop up to fill the void. Some inevitably grow enough to challenge the giants. Indeed, every merger phase in the U.S. in the past 30 years has been followed by a period of divestitures as companies...
...woman named "Paula" in the 1994 Spectator story about Clinton's alleged caperings while Arkansas Governor. Last week the Chicago Sun-Times reported that two of the troopers who were sources for that article, Larry Patterson and Roger Perry, were paid by Peter W. Smith, a Chicago investment banker and large G.O.P. contributor, who spent about $80,000 over 18 months to get tales about Clinton's personal life into print. Former Spectator writer David Brock, who says he accepted $5,000 from Smith for an earlier abortive book project, claims that while he was working on the article...
...Albert F. Gordon '59, a retired investment banker, pointed to White River's $4.4 million net income for 1996 as an indication that Harvard paid dearly for a corporation worth much less...
...sounds like a sweetheart deal for Jacobson so Jacobson can increase what he gets paid," said Albert F. Gordon '59, a retired investment banker and securities analyst for Kidder Peabody and Marcus Schloss, donor and long-time critic...
...Yumashev seems to be emerging as the more forceful political figure. "His role is enormous," says Boris Berezovsky, banker and power broker with close ties to both the chief of staff and the daughter. "He enjoys the President's total confidence." Another influential figure in the world of business and politics says Yumashev was crucial in modifying Yeltsin's original plans for last week's reshuffle, although exactly what he did remains secret...