Word: junks
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...spent his weekends forging metal at his country home in New Jersey. Now he's likely to have even more time to perfect his craft. Last week the New York Stock Exchange suspended Joseph for two years for his allegedly lax stewardship of the bankrupt firm, where he oversaw junk-bond king Michael Milken. The Big Board's $ rebuke prohibits Joseph from acting as a manager or supervisor at its member firms and bars him from owning a controlling interest in those companies. The penalty won't force Joseph to earn his living by the forge. He'll be allowed...
Financier Charles Keating's 68th birthday was not an occasion for celebration. Instead, a state-court jury in Los Angeles found the former head of California's Lincoln Savings & Loan, whose company sold $250 million in junk bonds to unwitting investors as it headed toward insolvency, guilty of 17 counts of securities fraud. Keating, whose $1.4 million in political contributions entangled five U.S. Senators in the S&L scandal, faces 10 years in prison and a $250,000 fine. Last month the Senate reprimanded California Senator Alan Cranston for soliciting contributions from Keating while he was ! urging federal regulators...
Ferne Milken, Molly Pollard and Sophie Altman are pulling out all the stops to defend their sons -- junk-bond king Michael, convicted spy Jonathan and former U.S. B.C.C.I. counsel Robert. Better watch out for Fannie Gotti...
...only to turn to his wife Linda. As president of the Manhattan p.r. firm Robinson, Lake, Lerer & Montgomery, she ranks among the most powerful -- and controversial -- publicists in America. Her clients range from Texaco, which she helped to fend off a takeover bid staged by raider Carl Icahn, to junk-bond king Michael Milken, whose infamy she tried to % subdue. Together the Robinsons are a nonpareil power couple who cut a broad swath through the toniest boardrooms and ballrooms of the corporate elite...
...setback for her husband too. American Express's Shearson Lehman unit had bankrolled Johnson, and Jim Robinson had worked closely on the deal. More recently, she sought to portray Milken as a misunderstood benefactor of the poor. But the campaign had little impact on perceptions of the junk man, who is serving a 10-year sentence for violating securities laws...