Word: burnham
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...event on Wall Street in the '80s was more artfully avaricious than the payout of over $250 million in employee bonuses shortly before the collapse of Drexel Burnham Lambert. The bonus bonanza -- which totaled more than twice the amount of the debt on which Drexel defaulted -- helped push the firm over the edge, as it struggled with mounting lawsuits over the dealings of its junk- bond division. Now the reorganized company is suing the recipients of its largesse to recover the loot...
...candidates of the chance to promote issue-oriented messages. Said former Democratic Party chairman John White: "Your first instinct is to think there's an opening, but other candidates were really disadvantaged by this trash too. It just sucked up all the oxygen in the room." Co-anchor Cathy Burnham of the state's leading television outlet, WMUR, wryly acknowledged that fact last week as she introduced a story on Senator Bob Kerrey's health-care ideas. "And now," she said, minutes into the newscast's political coverage, "let's try to get to the issues...
...years, former Drexel Burnham chief Frederick Joseph has spent his weekends forging metal at his country home in New Jersey. Now he's likely to have even more time to perfect his craft. Last week the New York Stock Exchange suspended Joseph for two years for his allegedly lax stewardship of the bankrupt firm, where he oversaw junk-bond king Michael Milken. The Big Board's $ rebuke prohibits Joseph from acting as a manager or supervisor at its member firms and bars him from owning a controlling interest in those companies. The penalty won't force Joseph to earn...
...Supreme Court Nomination Process and The Politics of Race and Sex"--with MIT Professor of Political Science Margaret Burnham. The lecture is part of the Gender and Politics Series. At MIT, Building E38, room 714, 292 Main St. Kendall Square. Thursday, Dec. 12 at 5:30 p.m., preceded by a reception at 5 p.m. For information call...
...famed Drexel Burnham junk-bond conference -- Peltz seated at a table with Boesky and T. Boone Pickens, among others. As Milken strides by, someone gushes, "Congratulations, Mike. You're a genius!" "No," Milken snaps back sarcastically, for all to hear. "Nelson Peltz here is a genius. I'm nothing...