Word: bondses
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Maybe the U.S., like the Soviet Union, needs a little push to do the right thing. But who will offer America a Grand Bargain? The candidate is obvious: Japan. As a matter of fact, the Japanese are already subsidizing the American economy to the tune of many billions of dollars...
To fill these vacancies, Meyer has hired Maurice R. Samuels as a vice president who will manage foreign bonds for HMC, and he is looking to bring in three more employees--for a total of 14 vice presidents at HMC.
"That's how you create cross-cultural dialogue," Minter says. "You get people in the same room together to realize they have a lot of common bonds."
Similarly, when corporate raider Ronald Perelman seized Revlon in 1985, First Executive helped finance the $2.7 billion takeover, buying $370 million worth of Drexel's junk bonds. Perelman shut down Revlon's pension plan and skimmed off at least $50 million in "excess funding." He then rolled existing pension obligations...
Some 62,000 First Capital annuity holders in 49 states know exactly what he means. Pensioners whose retirement savings are locked in the wreckage must now wait to see what they will be able to recover. Like Executive Life, First Capital invested recklessly in risky high-yield bonds: 46% of...