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...other words, he didn't derive self-esteem from multiple sources. He was a ball-park rat. There may not have been anything else for him to do. People like Rose and Levine and Milken seem like fundamentally limited men. In the business world, look at Peter Lynch, who walked away from running Fidelity's Magellan fund with the express purpose of spending more time with his family and charities. Likewise, Sam Walton, one of the richest men in America, who has steadfastly maintained a commitment to benefit the people of Arkansas, motivate his employees and live modestly. These leaders...

Author: /time Magazine | Title: Interview: STEVEN BERGLAS | 11/4/1991 | See Source »

...Cajuns are as different from New Orleanians as New Orleanians are from Protestants in the rural north. Yet all Louisianians share something that sets them apart -- at least in their own minds -- from other Americans. They are bound, in the words of Bill Lynch, a former newspaperman who now serves as the state's inspector general, "by our unforgiving history." It is a paradoxical chronicle of political corruption and roguishness, of fabulous oil wealth and red-clay poverty, of exile and immigration, cultural blending and racial divides...

Author: /time Magazine | Title: Why The Good Times Still Roll | 11/4/1991 | See Source »

...want to experience the thrill of life and the victory of getting rich quick, cancel your Merrill Lynch interview. Don't apply to summer school. And definitely don't answer phones or file at a relative's office. During these months of applications and interviews, sit on the sidelines. None of these experiences are going to pay the bills or enhance your appreciation of what you've learned at school...

Author: By Beth L. Pinsker, | Title: Stakehorsing an Education | 11/1/1991 | See Source »

...Merrill Lynch help disguise a failing insurance company to look healthy? The Securities and Exchange Commission is investigating whether the firm made deals designed to dress up the books of Guarantee Security Life Insurance, a Jacksonville-based company that Florida regulators seized last August after it succumbed to losses on high-risk investments. Investigators say the company traded its junk bonds for as much as $300 million in government securities in short-term swaps with Merrill in 1985, '86 and '88. The temporary deals allowed Guarantee Security to portray itself as financially healthy to state regulators during year-end audits...

Author: /time Magazine | Title: Securities: Now You See 'Em . . . | 10/21/1991 | See Source »

...that it contains no reference to any mention of Judge Thomas' private parts or sexual prowess. Why didn't you tell the FBI about that?" Having begun the week under fire for their sexism, the Senators ended the week accused of acting like a high-tech lynch mob. "I would have preferred an assassin's bullet," Thomas declared, to the ordeal they had reserved...

Author: /time Magazine | Title: An Ugly Circus: Clarence Thomas, Anita Hill and the U.S. Senate | 10/21/1991 | See Source »

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