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BLAME FOR THE SAVINGS AND LOAN FIASCO FALLS not just on executives of the thrift institutions but also on accountants and lawyers who closed their eyes to clients' shenanigans. So says the U.S. government, which claims a "landmark" victory in making that case. Ernst & Young, one of the Big Six accounting firms, agreed to pay a near record fine of $400 million to settle a slew of cases charging it with failing to blow a whistle on S&Ls it audited. For example, say the feds, the firm failed to challenge fictitious sales of real estate made...

Author: /time Magazine | Title: A Landmark Fine | 12/7/1992 | See Source »

Students and Cambridge residents interviewed yesterday said they were sad to see the passing of a local landmark...

Author: By Geoffrey C. Hsu, CONTRIBUTING REPORTER | Title: TOMMY'S LUNCH, A HARVARD INSTITUTION, CLOSES ITS DOORS | 11/30/1992 | See Source »

...female subjects. As a result, Loyola's Malloy complains, there are "loads of data on men and none on women. That only increased the impression that this was a man's disease." It also resulted in therapies and procedures appropriate for men but not necessarily beneficial to women. A landmark study showed, for instance, that a small daily dose of aspirin helps prevent heart attacks in men, but no one knows if the same is true for women...

Author: /time Magazine | Title: The Biggest Killer of Women: Heart Attack | 11/9/1992 | See Source »

Stempel's ouster is a landmark in the growing shift of power from U.S. managers to corporate directors, who had traditionally been viewed more as rubber-stampers than real decision makers. As recently as the mid-1980s, not even the bellicose presence of Ross Perot on GM's board could persuade the firm to shift gears or change direction. "I did everything I could to get General Motors to face its problems," Perot said in the presidential debates. "They just wouldn't do it." Rather than heed Perot's exhortations to cut executive perquisites and streamline the bureaucracy, GM spent...

Author: /time Magazine | Title: What Went Wrong? Everything at Once. | 11/9/1992 | See Source »

...taking the opportunity of a landmark birthday to recognize that ours was the first university-based dental school, and to have an opportunity for everyone to appreciate the faculty and students that make up this school," said Dental School Dean R. Bruce Donoff...

Author: By Jessica C. Schell, CONTRIBUTING REPORTER | Title: School of Dentistry Turns 125 | 11/7/1992 | See Source »

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