Word: cleanups
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After the party (the morning after, never that night), is cleanup. But with 10 people contributing, it doesn't take long--about an hour, Peppercorn says. The worst part is the floor...
Perhaps the fastest-growing field for investment bankers is bailing out foundering companies. "We're the cleanup crew who are picking up the pieces left over from the decade-long party of debt," says Wilbur Ross, a senior managing director at Wall Street's Rothschild Inc. "What you're seeing now is a mirror image of the 1980s." Memories of the '80s have left some skeptics doubting whether once high-flying dealmakers really have reformed. "Just when we thought it was safe, they're back again," says Perrin Long, director of research at First of Michigan Corp. "We have...
...Returned to the EPA in May 1983 after Reagan-era administrators were accused of delaying the cleanup of the nation's hazardous-waste sites...
...government has reason to amend its regulations on many compounds in addition to dioxin. One of the biggest beneficiaries would be the paper industry, which is under pressure to reduce the level of dioxin at its mills. Relaxing the current safety standard could save $1 billion in cleanup costs and prevent crippling lawsuits...
...standards to "a tabloid-laundering operation in which respectable news organizations get into a story through the back door by reporting on a tabloid's reporting on a story." The value of Brokaw, a respected pro who wins journalism awards and dines at the White House, in such a cleanup operation is high. In April, Brokaw sanitized the use of the name of the alleged Palm Beach rape victim in the William Smith case under the guise of reporting on the ethics of a supermarket scandal sheet, which had used the name first. This purified the issue sufficiently...