Word: ivans
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...THINK Ivan Boesky got off easy, you should hear about Morton-Thiokol...
None of the above. Officials at the Marshall Space Center recently announced that the maximum "fee reduction" which Morton-Thiokol would receive is $10 million. That's one-tenth of Ivan Boesky's fine. It's not nearly severe enough to be called a slap on the wrist...
Like residents of some bombarded city taking advantage of a lull in the shelling, Wall Streeters scrambled from underneath their desks last week and tried to get their morale and finances in shape. Stunned by the Ivan Boesky insider-trading disclosures of Nov. 14 and expecting more to come, investors pulled their money out of takeover-target stocks and instead poured their cash into stabler, less controversial shares. Nevertheless, takeover artists got back some of their nerve and launched a flurry of new merger bids. All the while, angry accusations flew back and forth as the players in the widening...
...process of striking his settlement with U.S. authorities, the relentless wheeler-dealer who earned the nickname "Ivan the Terrible" talked long and hard to investigators about the stock trades he had made using insider knowledge. He also reportedly allowed regulators to eavesdrop on and tape his telephone conversations as he conducted his business dealings. Last week Boesky's singing began to discomfit some of the biggest names in the corporate-takeover business. Said Pierre Rinfret, head of a Wall Street investment and consulting firm: "This...
Little investor rancor but presumably considerable discomfort was in evidence at a meeting Boesky held on Thursday at the office of his lawyers in downtown Manhattan. In attendance were some of the 43 limited partners who had anted up $221 million in capital for his major arbitrage fund, Ivan F. Boesky & Co. L.P. Boesky's tribulations had cast an unwelcome spotlight on a heterogeneous group of investors who suddenly found themselves unwitting participants in the scandal. The list of partners included several high- profile companies, such as Rapid-American (investment in Boesky: $5 million) and National Can ($6.5 million). Prominent...