Word: businessman
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Dates: during 1990-1999
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Clifford and Altman are not the only U.S. connections to B.C.C.I. that the New York grand jury is looking into. Investigators suspect that wealthy Saudi businessman Ghaith Pharaon, who purchased the troubled National Bank of Georgia from President Carter's friend and onetime budget chief Bert Lance and later sold it to First American, has been a front man for Abedi. Banking regulators are probing another Pharaon holding -- Independence Bank in Encino, Calif. -- to see if Abedi or B.C.C.I. is the secret owner of that bank. And a federal grand jury in Miami is tracking Pharaon's and B.C.C.I...
...there is one U.S. city where people live to eat out, it is New Orleans. Businessman Tripp Friedler and chef Larkin Selman reopened the intimate Gautreau's there just as the economy fell like a souffle in a cold draft. Their formula: combine more expensive main dishes with less costly garnishes, and visa versa. An appetizer of crab cakes, for example, is accompanied by marinated black beans. Caviar is not out of the question, but it comes from a local fish called choupique (pronounced shoe-pick) and is said to be as good as any other American kind...
Sometimes it's hard to believe Metzenbaum was a businessman before becoming a Senator. The quarter's profit increases looked so dramatic because the corresponding period in 1989 was the industry's worst in a decade. Disregard its Valdez-size write-offs of 1989, and the industry's total profits rose only 11% in 1990. That still didn't make them especially high. They represented just a 13.5% return on the shareholders' equity, far lower than in such businesses as cosmetics (30.5%), pharmaceuticals (29.5%) and restaurants (19%). "No one is accusing the cosmetics industry of making obscene profits," says William...
...accession to power, doctrinaire communism went into a six- year tailspin. But the turmoil of recent months has given the cause fresh life. Many of the party's new vanguard deny they want to turn back the clock, and yet the Kremlin has begun targeting for investigation prominent private businessman Artyom Tarasov, a self-made Moscow tycoon...
...European travel may cut off Pan Am's last hope of surviving Chapter 11 proceedings. Last week TWA laid off 1,360 of its 6,800 flight attendants and about 100 of its 3,300 pilots. Companies are even curbing travel to innocuous U.S. destinations. Said a Manhattan businessman: "I wouldn't even fly to Kansas or Fort Worth right now. I simply don't believe in taking unnecessary risks...