Word: chairman
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Dates: during 1980-1989
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What do Consolidated Cigar and the Richmond Screw Anchor Co. have in common? Both were once owned by the quintessential conglomerate of the 1960s: Gulf & Western. The diverse mix of businesses proved so unmanageable by the early 1980s that G&W Chairman Martin Davis launched a campaign to spin off more than 100 subsidiaries. Last week the company once known as Engulf & Devour said it will sell one of its few remaining divisions, Associates First Capital Corp., a financial services company. Davis hopes to use the estimated $3 billion in proceeds to assemble a world-class media and entertainment giant...
...approved by a federal judge, will allow the firm to close the book on a 2 1/2-year federal probe. But the price is high. The agreement puts Drexel on probation for three years and requires it to set up an oversight committee. The firm is also naming a new chairman, former SEC head John Shad, to succeed Drexel's Robert Linton. As expected, the deal forces Drexel to cut all ties to its former junk-bond king, Michael Milken, who is facing separate criminal charges of racketeering and securities fraud. Last week Milken agreed to set aside assets...
...Federal Prosecutor Dick Marty mentioned the Zurich currency-dealing firm Sharkarchi Trading. The company denies any involvement in money laundering. Shortly before publication of the prosecutor's report, Hans Kopp, a prominent Zurich lawyer and husband of Justice Minister Elisabeth Kopp, resigned his positions as a director and vice chairman of Sharkarchi. Mrs. Kopp later resigned after admitting that she had warned her husband of the impending scandal. A criminal probe will determine whether she violated official strictures of secrecy...
...Chairman and Chief Executive Officer: J. Richard Munro...
...Vice Chairman: Gerald M. Levin...