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...embodied Wall Street's gold-rush spirit of the 1980s more than Peter Cohen, the high-strung chairman of the investment firm Shearson Lehman Hutton. A short, cigar-smoking firebrand, Cohen transformed Shearson from a stolid retail brokerage into an investment-banking giant. Backed by American Express, which bought the firm for $360 million in 1981, Shearson grew from 11,000 employees to 47,000 by the mid-'80s. But Cohen's expansion drive proved unstable. Hurt by several missteps and the slowing pace of Wall Street dealmaking, Shearson's investment-banking revenue declined 27% last year, to $963 million...

Author: /time Magazine | Title: Vanities on The Bonfire: Peter Cohen | 2/12/1990 | See Source »

...Tigers, Matt Eastwick's 15 points and Mueller's 14 points sparked the close-but-no-cigar effort, but Jackson was limited to eight points on 3-for-9 shooting...

Author: By Michael Stankiewicz, WITH WIRE DISPATCHES | Title: Duncombe's Tap Beats Tigers | 2/7/1990 | See Source »

Despite these violent disagreements about the future, there is at least some agreement about the past decade. It began in a distinctly gloomy atmosphere known as stagflation: double-digit inflation combined with growth rates of 2% or less. Cigar-chomping Paul Volcker, then the Chairman of the Federal Reserve Board, is generally credited with breaking the inflation by reining in the money supply in 1980-81. That also touched off the worst recession of the postwar era, bringing unemployment rates of more than 10% (25% in some areas and industries). President Reagan helped end the downturn by cutting taxes...

Author: /time Magazine | Title: Freed From Greed? | 1/1/1990 | See Source »

Tunnel vision is no problem for Branagh -- but in the service of the play, not the perks. "I'm not interested in being rich and famous," he avers, "in smoking a big cigar and driving a big car. I want to stay human-size, just as I wanted to make Henry V as manlike as possible." He plans to shoot two films in 1991: a Shakespeare comedy, perhaps Much Ado About Nothing, and a modern story set in Chicago. Meanwhile, he may write a novel. And at night he will read himself to sleep with a good book...

Author: /time Magazine | Title: Cinema: King Ken Comes to Conquer | 11/13/1989 | See Source »

...going to pound you on the back andput a cigar in your mouth," says Wood. "He's notthat type. He's all there...

Author: By Joseph R. Palmore, | Title: Five Years Of Spence: Technocrat Or Visionary? | 9/29/1989 | See Source »

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