Word: cornering
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Dates: during 1980-1989
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...Michael Milken, 40, senior executive vice president of New York City's Drexel Burnham Lambert investment firm. Milken, who works out of branch offices at the tony corner of Beverly Hills' Wilshire Boulevard and Rodeo Drive, is the guru of the so-called junk bond, the high-interest but risky investment vehicle that has provided much of the financing for the stock market's takeover frenzy (see box). At least five other Drexel Burnham employees, including Milken's younger brother Lowell, have also been subpoenaed...
...next day Sotheby's sale of impressionists and moderns set a one-night record -- an astonishing $42,372,000 -- and individual milestones for nine artists. Mondrian's Composition in a Square with Red Corner sold for $5.06 million, the second highest price ever paid for a 20th century painting (Yo: Picasso, a self-portrait, went for $5.83 million in 1981). Renoir's La Coiffure was gaveled down at $3.52 million; Joan Miro's Woman in the Night at $2.53 million; and Henry Moore's Reclining Figure (Festival) at $1.76 million. Sotheby's great rival, Christie's, rang up $30.6 million...
...million and $5 million and when takeover specialists can make tens of millions of dollars on a deal, the ability to buy a Rolls-Royce or a Riviera villa is vouchsafed to many. Only one person at a time can own Mondrian's Composition in a Square with Red Corner...
...corner of a motel room, a not very subtle melodrama unfolded. As a fat bailiff and a sinister, black-hatted attorney looked on, a man in tattered wig and skirt, playing the role of Mary, Mary Workman, demanded custody of "her" child. Judge Hardly D. Fairman leered and laughed as devoted but helpless Father Adam Workman looked on, awaiting the worst...
Pusateri swept the ball into the corner of the endzone to cut the Bulldog lead...