Word: broker
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Dates: during 1980-1989
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...robber barons." Agrees Robert Hanisee, president of Seidler Amdec Securities, a Los Angeles brokerage: "The popular perception among investors is that this kind of Boesky crap goes on all the time. The real tragedy is that we keep living up to people's worst expectations." Says John Baker, a broker with Shearson Lehman/ American Express: "In the eyes of the public, we are all bad guys...
...typical takeover, a corporate raider might begin by buying a few million shares of a target stock, acquiring them on the open market through a major Wall Street broker. Under SEC rules, however, a raider is obliged to announce his holdings and his intentions once 5% or more of a company's shares are in his grasp. The first result of such an announcement is usually a boost in the stock's price. After the offer is made public, arbitragers, betting that a takeover bid will succeed, jump in and buy as much of the target stock as they...
...Hunt to trade with. Hunt's investment decisions soon made the bundle grow to $13.5 million. When he began pressing Levin for his promised share of the profit, Levin would not pay up. There was no investment account, Levin confessed, only a fake one set up with the broker's cooperation on the pretense that Levin was doing a story about commodities. Hunt did not react kindly, say prosecutors. In June 1984, prosecutors charge, he forced Levin to sign over a $1.5 million check (it later bounced). Then, they say, Hunt murdered Levin. Levin's body has never been found...
Hojatoleslam Ahmad Khomeini, 42. Khomeini's son Ahmad, chief of staff for the Iranian leader, is a skillful behind-the-scenes power broker. He wields great influence by controlling who sees his father, and officials curry his favor. Ahmad Khomeini has no formal position in the government nor any well-defined set of followers, but his prestige as the son of the charismatic sage could take...
...this time. Says James Campbell, an investor who heads a Manhattan photo-reproduction company: "Imagine I sold and took my profit and tax savings right now. What am I going to do with the money then? I don't see any better opportunities around." Andrew Lanyi, a top broker for the investment firm Ladenburg, Thalmann, says that only four of his 625 clients have sold stocks for tax reasons...