Word: broker
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Dates: during 1990-1999
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...look at life from their clients' point of view. The mortgage business, he says, offers rich opportunities for synergy. "What the consumer is saying is, 'I want to be able to buy a house like a car.'" That means obtaining financing at "the point of sale--which is our broker's office...
That Berman helped broker the Time Warner arrangement shortens the link between the White House and Hubbell's campaign to find work. Berman is in the first circle of advisers to the First Lady and talks regularly with Clinton's close friend and aide Bruce Lindsey. In an interview last week, Berman said the idea for hooking Hubbell up with Boggs was his alone; no one at the White House, he said, suggested or even knew of the deal. "Webb was looking for work," he explained. "I was a friend of Webb's. So I asked Webb...
...hedging his bets. Plenty of people believe traditional retail brokerage is headed for extinction. Plenty also think this merger won't work. Mack denies it, but he's fuming over Purcell's getting the top job. And I'd like to be there the first time a working-stiff broker from Dean Witter tells a millionaire banker from Morgan to set aside 100 shares of a hot new-stock deal for one of his piddling accounts. The culture gap is vast. At Dean Witter, their Discover cards are dull from use--not gleaming tickets to Main Street...
DIED. NOEL KEANE, 58, lawyer and controversial champion of surrogate parenting; of melanoma; in Dearborn, Michigan. Keane pioneered artificial-insemination contracts between husbands of infertile wives and willing child bearers. He helped broker 600 such arrangements...
...amount for owning stock that exposed him to a potential conflict of interest. As President Clinton's National Security adviser, Lake had been notified by White House lawyers to divest himself of several energy-related stocks, whose value could be affected by policies he helped to formulate. Lake's broker apparently failed to sell the stocks, leading to a potential ethical conflict and a Justice Department investigation. As part of the settlement, the Justice Department stipulates that Lake was guilty of no intentional wrongdoing, nor did he ever attempt to cover up his violation. The settlement roughly corresponds to Lake...