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...though, Wilson is heading to Goldman Sachs to be an investment banker, spurning a job in Washington and a Rotary fellowship in India to move to Wall Street...

Author: By Julian E. Barnes, | Title: Making the Campus Safe For the 'Nice Republicans' | 6/10/1993 | See Source »

...talks about investment banking in terms of the capital it lines up to expand business and the jobs creates: "I [now] see the job of a investment banker as raising capital for a firm. A year ago, if you had asked me, I would have said, 'Oh investment banking is paper money, I never would be interested in doing that...

Author: By Julian E. Barnes, | Title: Making the Campus Safe For the 'Nice Republicans' | 6/10/1993 | See Source »

Wilson agonized a long time over the decision to become an investment banker, consulting with Kalkanis throughout about his concerns. "Nothing he does is a flip decision. Harry is not someone who wants to spend his life on Wall Street. He has noble and lofty goals. He sees Wall Street as a stepping stone," Kalkanis says...

Author: By Julian E. Barnes, | Title: Making the Campus Safe For the 'Nice Republicans' | 6/10/1993 | See Source »

...costly renovations and the purchase of more than a dozen new hostelries, including the Palace in Madrid. Banks remained eager to put up the money because Ciga could pledge real estate worth more than $1 billion as collateral. "This was a very hot company," says a London banker...

Author: /time Magazine | Title: How the Aga Khan Stumbled | 6/7/1993 | See Source »

...repaying Ciga's $670 million debt. Property values plunged, eating away at the collateral of Ciga's creditors, and the war in the gulf deflated what was left of the 1980s travel boom. Many of Ciga's hotels emptied virtually overnight. "They were good guys, really," says the London banker. "But the problem was they had no way to make money from the hotels despite the high prices they were charging...

Author: /time Magazine | Title: How the Aga Khan Stumbled | 6/7/1993 | See Source »

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