Word: jerseyed
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Dates: during 1980-1989
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Except that once in a great while the process does work that way. Thus it was with tax reform, a political miracle that was brought to the verge of fruition by an amazingly varied group of conservatives and liberals, Republicans and Democrats. Some, like New Jersey Democratic Senator Bill Bradley and New York Republican Congressman Jack Kemp, were longtime crusaders. Others, like Ronald Reagan, who supported a 1981 tax bill that was laden with special breaks, were late converts. But eventually, though the public at times seemed skeptical, most politicians came either to favor the idea or to fear...
...Herschel Walker, 24, star running back for the New Jersey Generals of the United States Football League and until now the highest-paid player in pro football at $1.5 million a year. After the U.S.F.L. announced it would suspend play next season, Walker dropped to third or fourth on the pay scale by signing a reported five-year, $5 million contract with the Dallas Cowboys of the rival National Football League. Nonetheless, "to get to play in a Cowboys uniform and in Texas is a great honor for me," he said at a news conference. But some...
...founder and chairman of First Jersey Securities, Robert Brennan appeared in TV commercials, hopping out of his helicopter and imploring viewers to "come grow with us." Apparently, the message got through. Since 1980 his firm has increased its number of clients from 200,000 to 500,000. But Brennan revealed last week that he will resign as chairman and look for new growth opportunities elsewhere...
Brennan, 42, who will remain on First Jersey's board of directors, will now devote more time to running a philanthropic organization that he established. A flamboyant millionaire who breeds Thoroughbred horses, he will also oversee a racetrack management firm that he helped take public in 1981. He says he may eventually run for political office...
...Brennan's successors will have a few less glamorous matters to attend to. First Jersey, which has previously been investigated by federal securities officials, is again the target of Government probes: one involving allegations of stock manipulation and another that deals with illegal campaign contributions. While admitting that the well-publicized investigations have left "battle scars," Brennan denies the charges against First Jersey and maintains that they had no bearing on his decision to resign...