Word: boom
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Dates: during 1990-1999
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...Night Editors: Colin F. Boyle '90 Jonathan S. Cohn '91 Matthew M. Hoffman '91 Joseph R. Palmore '91 Rebecca L. Walkowitz '92 Editorial Editor: John L. Larew '91 Feature Editor: Eric S. Soleway '91 Sports Editor: Andrew M. Fine '91 Photo Editor: Yi Lin '92 Business Editor: Raymond "Boom-Boom" Nomizu Copy Editor: William J. Collins...
...some unlikely saviors. Shortly before it declared bankruptcy last month, Drexel Burnham Lambert beefed up a unit that advised distressed companies. The move was viewed with cynicism by some on Wall Street since Drexel, through its junk-bond financing of buyouts, was a prime contributor to today's bankruptcy boom. Other improbable rescuers include First Boston, which advised Campeau to borrow more than $10 billion to buy Bloomingdale's, Jordan Marsh and seven other U.S. store chains. Some critics attack Wall Street firms for profiting from both the debt buildup of the '80s and the subsequent spate of failures. "There...
Today's turnaround boom is rooted not only in overleveraging but also in a 1978 overhaul of the bankruptcy laws that strengthened the hand of ailing companies in negotiations with their creditors. The changes permitted bankrupt firms to restructure their finances and return to business without struggling through pitched court battles over every asset. Explains David Post, executive director of the Turnaround Management Association, a North Carolina-based trade group: "1978 said that if you can achieve an agreement with a majority of your creditors, the court will allow you to reorganize" without satisfying all of them...
BUSINESS: The boom in corporate busts...
Which brings us to Donald and Ivana Trump. I recuse myself, on the grounds stated above. While I am at it, I should mention Geraldo Rivera. Also professional golf. The baby-boom generation, at least when it puts on its self-regarding tribal panoply. The collected works of Sylvester Stallone. Deconstruction. The Super Bowl. The northward migration of the killer bees. Magazine articles that describe "Blank's Lonely Fight Against Blank." Anything that Jean-Paul Sartre ever wrote, said or thought. The intellectual life of Roseanne Barr. The works of Erica Jong, who once composed a poem with this line...