Word: drexel
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...native of Bronx, N.Y., Carnesale received his bachelor's degree in nuclear engineering from Cooper Union, his master's in nuclear engineering from Drexel University and his Ph.D. in mechanical engineering from North Carolina State...
...states, in their homegrown securities offices, have been teaching consumers how to decipher what mutual funds are saying. These education projects are funded with fines and settlements paid by Wall Street firms that on occasion landed on the wrong side of the law: Prudential, Salomon Brothers and the old Drexel Burnham Lambert. Getting hoodwinkers to bankroll a program to train investors to avoid being hoodwinked has a nice symmetry to it. Levitt, meanwhile, is taking consumer education to the national level. The sec has recently published a useful pamphlet, Invest Wisely, that demystifies the mutual fund, but Levitt's real...
...property, much admired by logging outfits, is an empty legalism.But the fact is that Headwaters and miles beyond it are owned, as is Pacific Lumber, by Hurwitz's Houston-based Maxxam company. After he grabbed Pacific in a 1986 hostile takeover, paid for largely with junk bonds issued by Drexel Burnham Lambert's Michael Milken, Hurwitz visited Pacific's mills at Scotia. "There's a story about the golden rule," he told employees. "He who has the gold rules." Then he drained $55 million from the firm's $93 million pension fund and, with the remaining $38 million, bought annuities...
...nonsense. The 1980s was purely going on overextending debt and looking for never-never land. Balance sheets meant nothing in the 1980s. Today anybody who takes on a load of debt is going to work his tail off to bring it down. You can't just call up a Drexel or a Goldman or a Merrill Lynch and say, gee, I've got this wonderful idea, I need 7 billion bucks, do you think you can finance...
...other finalists for the position are Richard Breslin, president of Drexel University in Philadelphia, and Scott Cowen, dean of the business school at Case Western Reserve University in Cleveland, the American University Eagle reported this week...