Word: fomon
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...still remains unclear who condoned the practice, which was carried out by at least 23 Hutton branch offices. Hutton Chairman Robert Fomon defends his senior officers. Says he: "I have no reason to believe that any members of top management were involved...
...Fomon stands by Ball, stating that the documents do not offer "concrete evidence" that the former Hutton executive knew about any illegalities. Ball says that "a careful reading" of the documents "vindicates me and substantiates the position that I had no knowledge of any improper acts...
Controversy swirls around the Justice Department's handling of the case. Some industry observers and legal experts were surprised by the department's decision not to cite individual Hutton employees in the May indictment. Fomon conceded to the New York Times that he was wrong to accept the terms of the May settlement. Said he: "If I had to do it over again . . . the individuals involved would have stood by themselves." Some members of Congress say that Justice's investigation of the case was superficial. Those complaints led the House subcommittee to begin its own probe. Attorney General Edwin Meese...
...Fomon, S. J.; Forster, R. H., Fremont-Smith...
...IMAGINING THINGS, OR IS HE SERVING CHEAPER CHAMPAGNE? Many losers of the last year have escaped embarrassment by refusing to admit their setbacks. Robert Fomon, 62, who resigned as chairman of E.F. Hutton in May 1987, claims that "it is very fashionable to lie about ((the crash)). Now everyone says that he wasn't in the market." Several snipers contend that Donald Trump, the developer and casino kingpin, was bitten hard by the bear, even though he bragged late last October that he was smart enough to get out just in time...