Word: collaring
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Dates: during 1980-1989
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Still, a case could be made that Boesky got off lightly. Said Samuel Buffone, who serves on the American Bar Association's white-collar-crime committee: "You can see people convicted of relatively petty crimes being sentenced to about the same time that Mr. Boesky received for crimes involving sums of money many, many times larger." Law-enforcement officials estimate that with good behavior, Boesky will probably wind up serving no more than 20 months...
Wall Street lawyers expect at least twelve more insider traders to be indicted, but the charges may not be filed soon. Explains Giuliani: "Sophisticated white-collar crimes traditionally take a long time, usually two to three years, to investigate." He dropped charges in May against three investment bankers arrested in February for insider trading: Robert Freeman, who worked at Goldman, Sachs, and Richard Wigton and Timothy Tabor, both formerly of Kidder, Peabody. But when he did so, he noted that he had discovered a much broader conspiracy and needed time to investigate it. He made it clear that Freeman, Wigton...
There are small signs that such attitudes are improving. The Charleston, S.C., police department, for example, now requires officers to arrest an abusive spouse even if the victim declines to press charges. To make the collar sting, the assailant is arrested at his place of work. "As long as he's assaulting her within their own little world, it can continue," says Police Chief Reuben Greenberg. "At work there's a social cost." Ultimately that public exposure may be the most effective deterrent to spouse abuse. "We have the right in the U.S. to peace and tranquillity," says a former...
...White-collar guys with blood under their manicured nails, Tom Grunick (played by William Hurt in Broadcast News) and Bud Fox (Charlie Sheen in Wall Street) are the ring bearers, the genetically streamlined children, of the new amorality. Bud, in his mid-20s, is learning how to wheel and wheedle; Tom, in his mid-30s, already knows how to ingratiate and conquer. Bud does it with long hours and pit-bull doggedness, Tom with his boyish, passive charisma. Both men might tell you that ideals are as passe as peace marches and that the happening disease, the one everyone wants...
...blue-collar town is unfazed by the prospect of a Russian invasion. "People will work with the Soviets as long as we get the same cooperation in return," says Insurance Broker Chick Paris. That is the plan. The new agreement will allow an equal number of American inspectors to live in the Soviet city of Votkinsk, west of the Ural Mountains, where SS-20 missiles have been assembled...