Word: lambert
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Chicago was abuzz, though, with speculation that a deal was in the works. In a front-page story, the Chicago Tribune claimed that Robert Abboud, president of Occidental Petroleum, and Drexel Burnham Lambert, a New York City investment banking firm, were putting together a group of investors to rescue Continental with a $2 billion infusion of capital. The story seemed plausible because Abboud was once chairman of First Chicago, Continental's crosstown competitor. He was abruptly fired in 1980, after his bank suffered an earnings slump...
...symbol, Tarzan (played lithely but never blithely by Christopher Lambert) requires little decoding. Born the seventh Earl of Greystoke to parents shipwrecked on the African coast, orphaned in infancy and raised by an extended family of apes, he is rescued and restored to his patrimony by a passing explorer (Ian Holm, who symbolizes humanity at its best). Unfortunately, he fits as uneasily into English society as he did into simian society, despite the loving fuss made over him by his grandfather (the late Ralph Richardson in all his glorious eccentricity). The old man's death, when he attempts...
...bonds, the term refers to certificates that pay no interest for a decade or more but then mature into whopping sums. In just 18 months since the bonds were introduced, Wall Street brokerage firms have sold more than $30 billion. Says Katherine Reed, a bond analyst for Drexel Burnham Lambert: "Zeros are really the rage...
...succumbed. Tulane Senior Andrew Hillery and his friend Patrick Vizard, both 22 and experienced duck hunters, went into the Louisiana marshes bundled in thermal underwear and parkas. "They were frozen in water that had splashed into the boat from the winds. They had to be chipped out," says Hugh Lambert, Vizard's brother...
Some of the most bountiful bonuses are on Wall Street, where investment companies this year reaped record earnings from another bull market in stocks. At the Drexel Burnham Lambert brokerage firm, executive officers can earn bonuses equal to as much as three years' salary. Other employees, with at least ten years on the job, are entitled to a gift of up to 20 weeks' pay. Last year the maximum was 13 weeks' worth. Even employees who have been with the company only six months are eligible for up to three weeks' extra wages. "Everybody from...