Word: linton
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Steven R. Linton...
...indictment charges that Vernon S&L picked up the tab for Dixon's personal trips and parties, some of them featuring prostitutes. Tagging along ! on several outings was the highest-ranking thrift regulator in Texas, Linton Bowman, who has not been charged with any wrongdoing. Dixon sought to win political allies with hard cash. He allegedly had Vernon make illegal contributions to the campaigns of such politicians as California Senator Alan Cranston, former House Majority Whip Tony Coelho and former House Speaker Jim Wright, all of whom have been tarnished by other connections to the S&L scandal. None...
...book on a 2 1/2-year federal probe. But the price is high. The agreement puts Drexel on probation for three years and requires it to set up an oversight committee. The firm is also naming a new chairman, former SEC head John Shad, to succeed Drexel's Robert Linton. As expected, the deal forces Drexel to cut all ties to its former junk-bond king, Michael Milken, who is facing separate criminal charges of racketeering and securities fraud. Last week Milken agreed to set aside assets of at least $600 million, which could be forfeited if he is found guilty...
What better way to police a company than to sign up a former top cop? Wall Street's Drexel Burnham Lambert, which agreed last month to settle criminal- fraud charges, plans to hire a new chairman for its holding company. Drexel's choice to succeed Robert Linton: John Shad, the U.S. Ambassador to the Netherlands and former head of the Securities and Exchange Commission. Drexel is also recruiting trade consultant Roderick Hills, another former SEC chief, to serve on the firm's board. Neither had formally accepted by week...
...major advertising campaign extolling the civic virtues of its junk bonds. Joseph claims that the two-year federal probe cost Drexel $1.5 billion in lost revenues and an additional $175 million in legal and advertising fees. Since November, the firm has bargained for an agreement that, as chairman Robert Linton put it, "would not make us look like a bunch of thieves...