Word: financee
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Dates: during 1980-1989
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"This affair will not be covered up." So promised Pierre Beregovoy, the French Finance Minister, as he announced a criminal probe last week into an insider-trading scandal that is causing major embarrassment to Francois Mitterrand's government. The suspected scheme was uncovered when the U.S. Securities and Exchange Commission...
Tipped off by the SEC, the French Commission on Bourse Operations zeroed in on Mitterrand's friends Max Theret, 76, and Roger-Patrice Pelat, 70, who profited handsomely from purchases of Triangle stock just before the takeover became public. Because the Finance Ministry approved the deal before it was announced...
Pioneered in the 1950s by Louis Kelso, a San Francisco lawyer and economist, ESOPs were slow to catch on. But Kelso eventually created a fertile financial climate for his idea by enlisting the support of Russell Long, the populist Democrat from Louisiana. Before retiring from the Senate Finance Committee in...
In Cambridge, some experts have already pinpointed prime candidates for trimming. Former Nixon adviser and Lee Professor of Economics Hendrik S. Houthakker, for one, says high spending for agricultural programs and grants to state and local government could be reduced, creating a windfall to finance the deficit.
EDITORIAL FINANCE: Daniel M. Rubin (Manager); Genevieve Christy, Peter Mitchel (Deputies); Patricia Hermes, Camille Sanabria, Linda D. Vartoogian; Wayne Chun, Sheila Greene, Carl Harmon, Edward Osei-Bonsu, Tina Pabarue, Katherine Young