Word: lynching
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Dates: during 1990-1999
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...definitely a different sort of meet," co-captain Kristina Lynch said. "Although there were a lot of good teams there, the emphasis wasn't really on winning as a team or competing against other teams. Everyone was focusing on working on certain events and giving people experience...
...with ski holidays and ecotourism, not yachting or casino crawling. With salaries for researchers that start at about $90,000 and can climb well over $500,000 for those who excel, they could afford to dress with the flash of yesterday's gunslingers. Most don't. An atypical Merrill Lynch computer jock keeps a 360-hp speedboat in Westport, Connecticut. This appears to embarrass him, and he blusters, "That's not who I am, and if you don't tell me right now that you're not going to put it in the article, I'm going to have...
...securities), YEELDS (yield-enhanced equity-linked securities) and CHIPS (common-linked higher-income participation securities), as well as LYONS, TIGRS and CMOs. A decade ago, if you wanted to work on Wall Street, you went to business school; but now you can study genetics and end up at Merrill Lynch, where instead of splitting genes to clone an elk, you can graft a share of Snapple (which doesn't pay a dividend) onto a dividend, thus creating the Snapple ELK -- a dividend-paying fictitious concoction that rises and falls in value along with Snapple itself...
Investors could purchase these contracts directly from such dealers as Merrill Lynch or J.P. Morgan, or the dealers could arrange for swaps between investors; either way, the dealer got a fee. Such transactions could take place anywhere. A Texas manufacturer with a $1 million fixed-rate loan who suspected that interest rates would soon fall could swap the loan with a Michigan company that had taken out a floating-rate note but was worried that rates were headed higher. The Texas firm would be the loser if rates did rise, since after the swap it would hold the floating-rate...
...partners, who each reportedly got $5 million or more in profit sharing, which they can withdraw when they leave the company. The results brought even greater glee to 10 senior partners, who are believed to have got more than $25 million each in profit sharing. At Merrill Lynch, which raked in $1.3 billion after taxes, directors awarded chairman Daniel P. Tully $9.6 million in salaries and bonuses in 1993, an increase of more than one- third from the previous year...