Word: firm
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Dates: during 1990-1999
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...There is a strong demand, and there will be a strong demand, for the brightest students," says Karen Kidder, a recruiter with the consulting firm McKinsey & Company...
Take Aileen Rappaport, 53, of Washington, a vice president for Loomis, Sayles & Co., an investment-management firm. Seven years ago, she decided to go to golf school so she could compete with colleagues she saw doing deals over 18 holes. It paid off. "Every time I went out on the course, a deal went down," Rappaport says. "On one of my first outings with a client, I closed a $200 million sale." Several weeks ago (after six sessions at golf school), Rappaport closed a $300 million sale...
Moreover, even as he challenged black establishments, Williams gathered friends in white ones. He became close to a Yale instructor named Stan Greenberg, who would later become Bill Clinton's pollster (and whose firm now works for Williams' campaign). Greenberg's wife Rosa DeLauro, a Congresswoman from Connecticut, also became a friend. Other prominent New England families helped advance his career...
...succumbed to the lure of big returns from Russian investments on which--surprise!--the Yeltsin government has defaulted. Citicorp announced that its earnings for the third quarter will be cut by about $200 million in Russian losses. The price tag at Bankers Trust, about $260 million; at brokerage firm Salomon Smith Barney, $360 million in the past two months...
...billion in Russia, John Meriwether's Long-Term Capital Management announced that it had lost $2.1 billion, or half its asset value, so far this year. "Russia and Asia became the trigger for the correction in the U.S. stock market," says David Wyss, chief economist at DRI/McGraw-Hill, a consulting firm. "Although there had already been a softening in earnings over the past few quarters, traders needed to be hit with a two-by-four to make them realize you just can't get double-digit increases in earnings every year...