Word: drexel
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Dates: during 1990-1999
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...Many people feel that Drexel Burnham Lambert epitomized raw greed in the 1980s and that there is poetic justice in its demise...
...That's primarily the result of how we were depicted in the press, and I think it's outrageous. The press has to capsulize things that people can absorb. The fact is, Drexel became the major source of capital for industrial companies in the country. Even our worst enemies think only a handful of people did anything wrong, so it's unfair to the vast majority of people at Drexel to lump them into a two-word tag line. The damage that's been done is absolutely unjustified. We grew quickly and we stepped on toes...
Invite 140 former employees of Drexel Burnham Lambert to appear on TV and you get a gripe-athon, right? Actually, it was more like the I Love Drexel show. On Donahue last week, dozens of mostly out-of-work Drexelites praised their bankrupt former employer and blamed its fall on everyone but themselves...
Topping their hit list was Rudolph Giuliani, the former U.S. Attorney who ran unsuccessfully for mayor of New York City in 1989. "We are here because Rudy Giuliani decided to make it his project to gain votes . . . by going after Drexel," argued one ex-staffer. Treasury Secretary Nicholas Brady, who used to head the investment house Dillon Read, was accused of a "vendetta" in not ordering a bailout for Drexel. Said a former employee: "Drexel took a lot of business from them ((Dillon Read...
...struggle for control of the Baltic Republics in the Soviet Union has shown that full-blown greed, competition and vicious take-overs are not the sole province of Drexel Burnham. The secession of the Republic of Lithuania from the Soviet Union promises to be bigger than the break-up of AT&T. Corporate raiders beware--Soviet President Mikail S. Gorbachev may soon be the new Carl Icahn...