Word: drexel
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Dates: during 2000-2009
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Joseph served as CEO of Drexel Burnham Lambert Inc. from 1985 until the firm’s collapse in 1990. Before scandal struck, Drexel profited in the 1980s from selling junk bonds, but then Michael R. Milken, a trader under Joseph’s supervision, was imprisoned for 22 months and fined $600 million for violating U.S. securities law, according to Bloomberg News. While Joseph faced no criminal charges, he was banned for a time from assuming another position as a Wall Street CEO, according to Portfolio.com’s “Worst American CEOs of All Time?...
...captain of the ship, and in navy terms, if you’re the captain and the ship has trouble, the captain takes responsibility—he always took responsibility,” said Charles D. Ellis, a classmate of Joseph at HBS who worked with him at Drexel. “I’m a very tough person on integrity. I have known Fred quite well and stayed with him all the way through...
...prevalence of a medical condition. "The fact that 40% of the parents reporting that their child had received an ASD diagnosis now say the child no longer met criteria does suggest that there may be over-reporting in this survey," says Craig Newschaffer, a leading autism epidemiologist at Drexel University School of Public Health. "Nonetheless, the survey reinforces what we have come to understand over the past decade - that autism is much more common than previously thought." (See six tips for traveling with an autistic child...
...County. It's both a top Up and Coming school and No. 4 in the Commitment to Undergraduate Teaching [list]. That's a school that isn't one of the name brands but is up there near the top of these two lists, just like George Mason, Northeastern and Drexel are near the top of Up and Coming...
...downpayments and could document their ability to pay. "This poor performance in the subprime market calls into question the capabilities of lenders, securitizers and investors to reliably estimate peak charge-off rates," warned Joshua Rosner, managing director of Graham Fisher & Co. and Joseph R. Mason, a finance professor at Drexel University in a paper in early 2007. When all the indicators went bad - delinquencies and interest rates up, home prices down - the agencies started yanking the ratings on CDOs by the carload. As the number of subprime delinquencies started to climb, and the magic mark-to-model accounting that...