Word: drexel
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...enter to get ulcers. Believe me, I saw the prize. Such names they have today. Desiree. That's a name for a Jewish girl? Today you holler Sol and a horse comes over. Drexel? You should hear what his grandfather calls him for short...
...plans quiet. Most broadcast observers do not expect him to make any sudden moves. But Tisch is not the sort of executive to sit idly by as CBS flounders. "Historically, when he makes a commitment, he wants to make his commitment work out," says John Reidy, media analyst for Drexel Burnham Lambert. "He wants to get a return on his investment...
...until June a first vice president of E.F. Hutton and at one time with Lazard Freres, and Ira Sokolow, 32, a former vice president of Shearson Lehman Bros., were accused in a civil complaint drawn up by the SEC of conspiring with Levine, 33, a former managing director of Drexel Burnham Lambert, as part of an insider-trading ring. They allegedly enriched themselves by using or selling important advance information about companies and profiting on the movement of those firms' stocks...
...tarnished reputation of Wall Street dealmakers. Last year E.F. Hutton pleaded guilty to a check-kiting scheme. The Securities and Exchange Commission said in May that it had cracked the largest insider-trading case ever: the $12.6 million scam allegedly engineered by Dennis Levine, a former managing director at Drexel Burnham. The Shearson indictment is the latest chapter in a continuing saga of Wall Street scandal. No one is calling it the last...
...time went on, Levine's purchases--and profits--grew larger. In November 1982, after joining Lehman Bros., he bought 50,000 shares of Itek. He sold the stock two months later, after Itek was acquired by Litton Industries, netting $805,035. By last May Levine had joined Drexel Burnham Lambert, and in his most lucrative deal yet, he bought 150,000 shares of Nabisco. Three weeks later, speculation over Nabisco's merger talks with R.J. Reynolds enabled him to sell the stock for a profit...