Word: brokering
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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...
...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...
...uses of old words are bubbling up in almost every sector of American business. Wall Streeters talk about fallen angels (out-of-favor stocks at bargain prices), shark repellants (strategies used by companies to ward off takeover attempts) and fill or kill (an order to a broker that must be canceled if it cannot be completely and immediately executed). Management experts speak of skunk costs (money that cannot be recouped when a project is aborted), tin cupping (when one corporate division begs for management support) and deadheading (bypassing a senior employee in order to promote someone more junior). Computer aficionados...