Word: bros
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Dates: during 1990-1999
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...stands than Garzarelli abruptly became the most famous person to join the ranks of Wall Street's unemployed. With investment firms contracting -- 2,000 layoffs have been reported so far this year, and an additional 8,000 could follow in the next 12 months -- Garzarelli's bosses at Lehman Bros. announced last Tuesday that they could no longer afford her nearly $2 million salary and her staff of two full-time assistants...
...while legions of individuals continued to follow Garzarelli's forecasts, Lehman Bros. sold its retail brokerage to Smith Barney last year and now concentrates on institutional investors. With the brokerage went the thousands of small clients whom Garzarelli had attracted. That made her expendable to Lehman, which went public last May and posted just $22 million in second- quarter earnings, down 79% from a year earlier. The firm has cut 800 jobs, or 8.5% of its work force, so far this year...
...company was already proving its entertainment value by midwifing many a rumor. West Coast gossip: deposed Warner Bros. music kingpin Mo Ostin would work with Geffen. East Coast gossip: Tina Brown, the editor of the New Yorker, would be coming aboard. A spokeswoman who asked Brown about the rumor received the response...
...wouldn't care to lose their franchise player to unrestricted free agency; they surely hope his new company will decide it's not worth setting up an elaborate distribution apparatus and will instead release its films through Universal. (Spielberg and Katzenberg say they would prefer that; Geffen says Warner Bros. would be a second choice.) But when Matsushita's bosses meet with Wasserman and Sheinberg this week, they may take the long Japanese view and decide they don't want to unload MCA -- least of all to Geffen and Spielberg. "I'm not sure Matsushita is a seller," says...
...football player at the end of the season. You get out of bed a little slower. It gets a little tougher every day." Even those whose job it is to chart such trends tell similar stories. Allen Sinai, the chief global economist at the investment firm of Lehman Bros. and a member of TIME's board, notes that "I have many more responsibilities now. So much so I hardly have time to breathe...