Word: firmed
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Dates: during 1980-1989
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...Firm statistics are not available on the number of abortions performed each year nor on who has them. Moreover, the survey by the Alan Guttmacher Institute says that most abortions are performed on white, middle-class women because they make up the bulk of the population of women of childbearing...
HAVE YOU GOT A LICENSE TO OPERATE THAT STAPLER? A U.S. firm that wanted to install photocopiers was told to obtain a special permit from the local fire department. When the same company tried to order typewriters, recalls its office manager, "the Soviets said, 'We can't get those. We'll do that next year...
...size of the proposed penalties was enough to provoke a collective gasp among Wall Streeters. Last week a federal grand jury in Manhattan charged junk-bond king Michael Milken, 42, his brother Lowell, 40, and Bruce Lee Newberg, 31, a former colleague of theirs at the investment firm Drexel Burnham Lambert, with a total of 98 felony counts of stock manipulation, insider trading, racketeering and other crimes. The indictment calls for the three accused to forfeit their total compensation of $1.5 billion for 1984 through 1987 (plus interest of $257 million) and pay fines of $3.7 billion. If convicted...
Milken's unprecedented income was the result of his employment contract with Drexel, where he has been the firm's biggest source of profits as head of its Beverly Hills-based junk-bond department. Milken almost single-handedly created the junk-bond market, which has grown from $1 billion in 1981 to $180 billion last year. His downfall began three years ago, when arbitrager Ivan Boesky, collared on insider-trading charges, began singing to prosecutors about alleged stock-fraud schemes he carried out with Milken and Drexel. Last December Drexel struck a deal with prosecutors that called for the firm...
...racketeering charges, the Government can freeze the Milken brothers' assets even before they are tried. Prosecutors are expected to ask the investment bankers to post a $1 billion bond to prevent such an asset seizure. Last week Milken said he would take a leave of absence from the firm to fight the charges. Said he: "After almost 2 1/2 years of leaks and distortions, I am now eager to present all the facts in an open and unbiased forum...