Word: goldmans
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Dates: during 1990-1999
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Even those just joining the gold rush are sharing in the treasure. Goldman Sachs, Merrill Lynch and others are fighting one another to pay up to $125,000--plus the proverbial bonus--annually to newly minted investment bankers. Do they deserve it? Wrong question. Money is the way Wall Street keeps score, and the industry has been running it up. "This is America," is the answer of Bear Stearns' Greenberg. "If they get it, they deserve...
...gold mine by hiring away some of the hottest prospectors. Deutsche Bank lured investment banker Frank Quattrone from Morgan Stanley, apparently by offering the kind of deal that made it easy for him to walk away from a reported $10 million job at his old firm. Goldman Sachs is attempting to stave off poaching by creating a new rung on the corporate ladder: junior partners, who will share some of the riches traditionally reserved for full partners. The company named 38 new partner-managing directors to the post. Moral: on Wall Street as in sports, you can keep your stars...
...declare bankruptcy" contributes to the public's misconception about our bankruptcy laws. Debts for "willful and malicious injury" cannot be discharged in bankruptcy, provided a timely complaint is filed. If the civil jury finds that O.J. Simpson is liable for money damages for killing Nicole Brown Simpson and Ronald Goldman, the facts necessary for that type of verdict would also serve to prevent that judgment's discharge in bankruptcy. While nothing prevents Simpson from simply filing for bankruptcy, his legal bills are the only thing likely to be discharged by such a proceeding. JOHN P. GUSTAFSON, Attorney Oregon, Ohio...
...Michael Roemer was a magnificent person," Goldman said. "He was a really gifted scholar, but also an extremely generous person. He was able to have friendships and provide true leadership and wisdom to a wide variety of people...
...Mike was very accomplished, but the special thing about him is his humanity and the huge amount of love people felt for him," said Goldman...