Word: kidder
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Dates: during 1980-1989
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...Explains Giuliani: "Sophisticated white-collar crimes traditionally take a long time, usually two to three years, to investigate." He dropped charges in May against three investment bankers arrested in February for insider trading: Robert Freeman, who worked at Goldman, Sachs, and Richard Wigton and Timothy Tabor, both formerly of Kidder, Peabody. But when he did so, he noted that he had discovered a much broader conspiracy and needed time to investigate it. He made it clear that Freeman, Wigton and Tabor were part of the widening probe...
...Kidder Peabody, which was reeling from a $25 million insider-trading fine even before the market crash, is slashing its operations. The firm said it would lay off 1,000 employees, or about 13% of its work force...
...Shearson Lehman Brothers bought E.F. Hutton this week and Business Week reported that many of E.F. Hutton's 18,000 employees will be "redundant" when the two corporations merge. Salomon Brothers lad off 800 workers this fall, Citicorp eliminated 1000 positions or one-tenth of their total employment, and Kidder Peabody also laid off 1000 workers...
...Michael Becker's woes won't bring tears to your eyes, but there's no need to snicker. Becker, 29 and single, works as a broker for Kidder Peabody on Wall Street. He earns a six-figure salary, likes his restaurants expensive and vacations in Africa, French Polynesia, Australia and London. This week he was scheduled to close on a loft apartment, but last week found him on the phone, pleading with his lawyer to extricate him from the contract. "I even told the shoeshine boy, 'I can't afford a shine today,' " he laments...
...little more independent from the world markets," said Dennis Jarrett, a technical analyst for Kidder, Peabody...