Word: berman
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...Bilbeisi scheme reaches into corporate America as well. The grand jury is investigating Arthur Berman, who was president of Chase & Sanborn in 1981-84 and Chock Full o' Nuts in 1984-85. The Lloyd's lawsuit contends that the executive, knowing the coffee was smuggled, accepted "substantial commissions" from Bilbeisi and Coffee Inc. to facilitate sales to Chase & Sanborn and Chock Full o' Nuts. Bilbeisi's company ledgers show $160,000 in cash and checks paid to Berman. In a 1988 deposition, Berman denied the payments were illegal commissions, insisting they were merely loans that he used to support...
Could the discontents topple the ITT board, which, like most boards, is used to being re-elected by an overwhelming margin? That seems unlikely this year. But the Calpers-led protest could be picking up support. Neuberger & Berman, a Manhattan firm that manages more ITT stock than any other institution -- 2 million shares -- is not happy. Wrote Neuberger portfolio manager Marvin Schwartz in a letter to Araskog: "One cannot escape noting that ITT stock has been an extremely dismal performer in the marketplace over the past 11-year period." That sorry record, Schwartz declared, "suggests that knowledgeable institutional investors...
...Lawrence Berman performs Mozart on the piano in the Fogg...
...majority of South Africa's blacks are desperately poor: at least 7 million live in destitute squatter camps. They will see few dramatic improvements anytime soon. Black unemployment, as high as 41% in some areas, is unlikely to fall quickly. "The future looks extremely bleak," says John Kane-Berman, head of the Johannesburg-based South African Institute of Race Relations. "There is every possibility that the average person will be materially worse off than...
...second to none, and The Two Jakes, with good reason, draws heavily upon it. The rest of the cast, particularly Stowe and Keitel, perform well under Nicholson's strong direction. The only performance that may appear a bit off center is Tilly's, but considering the cirumstances of Kitty Berman's life, it might be expected...