Word: ivans
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Dates: during 1980-1989
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Just how far does the Government plan to go in its roundup of insider traders? The distance, apparently. Until now, jittery Wall Streeters could take comfort that the targets would be largely the most flagrant, Ivan Boesky- like abusers. But that reassuring notion rapidly evaporated in the aftermath of the Government's arrest this month of three high-ranking Wall Street officials, two of whom had allegedly made insider-trading profits only for their firms, not for personal gain. The cases suggested that prosecutors plan to go after not just greedy mavericks but overzealous employees and the companies for whom...
...scandal was strong again on Wall Street, and it was rising higher in executive suites than ever before. For the first time prominent officers at some of the most prestigious investment banks were snared and handcuffed in the insider-trading investigation that has been gathering momentum since Arbitrager Ivan Boesky was nabbed last November and began cooperating with authorities. Wigton, Freeman and Tabor have not been shown to have had any direct dealings with Boesky, but they were trapped, almost by chance, in the widening network of information that the investigators were gathering. Their arrests seemed to confirm what many...
Author Saint, 45, who got an advance of $5,000 and wrote the book long before the Ivan Boesky insider-trading scandal broke, is enjoying a sudden run-up in his literary stock: book-club, foreign-publication and film rights for Memoirs have brought him about $2.5 million, though the Atheneum edition will not appear until April. Says Saint, whose business ventures were never so profitable: "I had always mistakenly assumed that writing didn...
...they had said, look, we don't think that people who do drugs are apt to be competent, then that would have been one thing. It's just barely conceivable that Nixon's men broke into Watergate because their boss needed a fix, or that Ivan Boesky was just trying to scrape some money together for another vial of crack. But the given rationalization, if any, was simply that drug takers are lawbreakers. Case closed...
...watching carefully enough? That was just one of the questions on Wall Street last week as fresh controversy swirled around the Street's takeover titans -- and the agency that oversees them. Widening its probe of illegal insider trading, the Securities and Exchange Commission revealed unsettling new details of the Ivan Boesky case, while disputes flared over the use of so-called greenmail tactics in takeover battles...