Word: dreyfusism
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...Dreyfus and Morgan Stanley Investment Management are beefing up their analyst ranks in a nod to American Funds' research-driven culture. Putnam Investments now has teams of managers. Even Fidelity has added a second manager to its Blue Chip Value Fund and is hiring 75 analysts who will be aligned with specific funds. "Individual manager accountability is still the Fidelity way," says spokeswoman Anne Crowely. But Philadelphia-based mutual fund consultant Burt Greenwald says the firm is searching for ways to improve returns: "No question, Fidelity is feeling the heat...
...violence was triggered by the case of Captain Alfred Dreyfus, accused of treason against the state. His trial, exile to Devil's Island and exoneration have been retailed in countless volumes and films; the most celebrated, The Life of Emile Zola, won an Academy Award for best picture in 1937. But The Affair manages to invest the drama with renewed pity and urgency. French Professor Jean-Denis Bredin is not content with a toneless recapitulation; the dark background is carefully illuminated, and the major characters and walk-ons are given full dimension, including, at times, the homosexual flirtations of spies...
Ironically, of the large cast, Captain Dreyfus is the least compelling. Framed by traitorous colleagues, he was at first incredulous, then hysterical and finally benumbed. His family and friends tirelessly protested his innocence, joined after two years by Emile Zola, the most famous and reviled writer of his time. The analyst of motives thundered what others had only whispered: the dominant powers of France, threatened by Germany, narcotized by visions of a glorious and irretrievable past, regarded Jews as dual threats. In one view, they were radicals seeking to undo the state. When that label did not adhere, they were...
...indictment of the forces and virtues of traditional France, its religious passion, military spirit, and hierarchies." Zola's outrage proved contagious. Slowly the bodyguard of lies surrounding the actual villains began to defect. Major Ferdinand Esterhazy, a German agent, fled the country. Lieut. Colonel Hubert Henry, who had forged Dreyfus' handwriting on incriminating documents, committed suicide...
After twelve years of suffering, the captain was finally pardoned and passed from sight. But as Bredin convincingly argues, the next century was to be dramatically altered by the verdict and its reversal. If the anti-Dreyfus agitators and clerics represented France at its worst, the Dreyfusards, most of them Christian, demonstrated the nation's passion for justice and equality. Both sides continued to seethe until they collided once again in 1940, when the Third Reich occupied the country. Events like the upcoming trial of Nazi Captain Klaus Barbie, now imprisoned in Lyon, continue to show how many...