Word: hooker
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...consulting," which develops the skills to rescue troubled companies -- including overleveraged firms that have been through the takeover wars. The new heroes are turnaround specialists like Sanford Sigoloff. Long known as Ming the Merciless for his fierce cost cutting, Sigoloff now runs the bankrupt U.S. operations of Australia-based Hooker Corp., which loaded up on debt to acquire the B. Altman and Bonwit Teller department-store chains...
...been on a "Krush Krack Kokaine" campaign, patrolling the streets for evidence against suspected drug dealers. Though authorities say they welcome all tips, the Klan angered blacks by posing as police officers when they detained two black women, one of whom turned out to be a cop impersonating a hooker. Says Earl Shinhoster, southern regional director of the N.A.A.C.P.: "Any way you look at it, it still spells K.K.K...
...Cruise did time in a dim comedy, Losin' It (1982), about some lads who visit Tijuana to mislay their virginity; he played the sensitive one. From its plot synopsis, Risky Business (1983) promised more of the lame same. An affluent high school senior has an affair with a hooker (Rebecca de Mornay), dunks the family Porsche in Lake Michigan, turns his house into a brothel and still gets into Princeton. Sounds like the Reagan era in miniature. But there was wit in Paul Brickman's script and swank in his camera style. For Cruise, there was more. As soon...
...beginning of this year, though, Herscu found himself in serious trouble. Hit by rising interest rates in Australia and declining retail sales in the U.S., the 61-year-old empire builder did not have enough cash to weather the slowdown. By August, Hooker's U.S. subsidiary filed for bankruptcy, and Herscu resigned as chief executive...
Replacing Herscu as L.J. Hooker's chief was Sanford Sigoloff, a turnaround king who says he was not surprised to see B. Altman die. "With so many choice properties on the market, like Bloomingdale's and Saks Fifth Avenue, who would want Altman's? I hate to say the store was old, but it was outmoded." KMO Realty Partners, which now owns Altman's real estate, controls the rights to the store's name. KMO will probably try to make some use of it, perhaps selling it to an apparel maker or retailer, but the B. Altman name will probably...