Word: hutton
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...years at any of the 15 colleges in the state system starting in 2005. For the state, meanwhile, the money would have ballooned in a way that private investments rarely can. "We have tax-exempt status that we can share with our people," explains Michigan Governor James Blanchard. "E.F. Hutton can't do that...
...repair guarantees that higher-priced units offer. In the past 18 months or so, many former customers of IBM have decided that they do not need to buy high-priced machines when more affordable compatibles or clones will suffice. Says Michael Geran, a computer-industry analyst for E.F. Hutton: "The IBM label has lost some of its magic. The three initials I, B, M, no longer justify the price differential...
...reason for that relative lack of concern is that the new stock index futures markets, which may have helped trigger last week's selling, give institutional investors the opportunity to hedge against sudden losses. Said Arthur Randall, a broker with the E.F. Hutton investment house: "It takes much more than 80 points and two days to convince them that the party is over...
When the Securities and Exchange Commission snared Dennis Levine two months ago in the biggest insider-trading case ever, jittery Wall Streeters were sure the scandal would spread. Last week it did. Robert Wilkis, 37, until June a first vice president of E.F. Hutton and at one time with Lazard Freres, and Ira Sokolow, 32, a former vice president of Shearson Lehman Bros., were accused in a civil complaint drawn up by the SEC of conspiring with Levine, 33, a former managing director of Drexel Burnham Lambert, as part of an insider-trading ring. They allegedly enriched themselves by using...
...College and Stanford University's business school, "acknowledges . . . his own violations of the law." Both men were banned for life from the U.S. securities business, and probably still face criminal charges. To earn a chance for leniency, Wilkis and Sokolow extended swift cooperation to authorities. Wilkis resigned from E.F. Hutton even before the SEC brought its case. Sokolow's lawyer said his client, who majored in economics at the University of Pennsylvania's Wharton School and earned a master's degree from the Harvard Business School, was experiencing a "terribly sad and difficult time for a young man of great...