Word: loaning
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Professors who know him say they have respect for Epstein, who has focused much of his study on legal and ethical responsibilities and the use of corporate reports by shareholders. But even professors who say they are close friends of Epstein say they were totally unaware of the loan or the failed businesses...
Professor of Business Administration William J. Bruns, a friend of Epstein's since his days at the University of Oregon, says that while the professor may have exercised bad judgment in signing onto the loan, his financial history should not be a public issue...
Until four years ago, Marc J. Epstein was a player in the California real estate market. But two investment companies with which Epstein was associated have gone under in the past two years. Last year, a California court ruled that he would have to pay $2.7 million on a loan he guaranteed for the two companies. Now an accounting professor at Harvard Business School, a California bank has recently forced Epstein...
...AMONG THOSE WHO HELPED CHARLES KEATING BRING about the 1989 collapse of Lincoln Savings and Loan, lawyers in the Cleveland firm of Jones, Day, Reavis & Pogue were pivotal. Without admitting actual guilt, the gigantic firm has agreed to pay a record $51 million to the Resolution Trust Corporation, the federal body managing the assets of failed S&Ls. According to the RTC, Jones Day attorneys -- hired by Keating in 1986 -- were well aware that Keating was practicing financial and legal legerdemain to conceal Lincoln's serious problems. Yet Jones Day raised no alarm. The resulting failure cost taxpayers at least...
Nonetheless, the banker's deals have helped prop up Serbian President Slobodan Milosevic. When heating-oil supplies fell dangerously low last October, the banker loaned Belgrade $2.5 million to bolster the city's depleted reserves before winter. He now wants the loan repaid directly to Jugoskandik depositors...