Word: barney
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After meeting the motorcade, the group moved to the Massachusetts State House in Boston, where they demonstrated against U.S. Rep. Barney E. Frank '61-'62 (D-Mass.), who is openly...
...late afternoon, Reno and her Republican questioners had resigned themselves to a familiar routine: prods about the "appearance of impropriety" and the multiple embarrassments at the hands of the President and the press. Barney Frank screamed hypocrisy; most Democrats just looked tired. It had all been said before. They just wanted to do it in person, and on live television...
...coup not only creates a global financial supermarket, but it will also impel a consolidation in which Wall Street investment companies will either get big or get run over. The merger unites Salomon, a power in bonds and a player in investment banking, with the Travelers-owned Smith Barney brokerage, which is stronger in stocks. The Travelers umbrella also includes companies that sell life insurance, property and casualty insurance, annuities, mutual funds and credit cards. Travelers Group's stock market value of $55 billion will now dwarf such giants as Merrill Lynch ($24 billion) and the newly formed Morgan Stanley...
...Data. It was not the job he wanted--Weill had been given the bum's rush when he offered himself as CEO of BankAmerica--but a spruced-up Commercial Credit gave Weill a springboard. And he sprang: he merged Commercial Credit with struggling Primerica in 1988, getting the Smith Barney brokerage with it. He bought Travelers insurance in two stages when that company was reeling from bad real estate investments. In 1993 Weill achieved a measure of sweet revenge over his old employer--buying back Shearson, the retail brokerage he had sold to American Express in 1981 at the time...
...Sandy," now faces the task of melding the freewheeling Salomon culture into the more cautious Travelers empire. Layoffs seem inevitable. Analysts estimate that as many as 2,000 overlapping jobs--mostly in "backshop" trade-clearing slots--could vanish from a total of 34,000 positions at Salomon and Smith Barney...