Word: lynching
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...recent bankruptcy of Lomas Financial Corporation in which Harvard had invested $45 million--roughly one percent of the University's endowment--has raised questions about whether the risks are truly worth the potential gain. Harvard has charged the investment firm Merrill Lynch with "misrepresenting" Lomas' viability as an investment and is suing for triple damages over the incident...
Cohen was determined to build a firm that would rival Merrill Lynch in size. In 1984 he orchestrated a $360 million merger between Shearson/American Express and Lehman Brothers Kuhn Loeb. That move catapulted Shearson into the immensely profitable investment-banking business. But signs of stress began to appear in the wake of the 1987 stock-market crash, when Shearson paid nearly $1 billion to acquire E.F. Hutton. Dozens of top-notch Hutton brokers defected to other investment firms. At the same time, the firm suffered dwindling business from individual investors, on whom Shearson was still heavily dependent. Cohen, meanwhile...
Bush thus finds himself defending the Social Security tax increase while getting pummeled by Moynihan and his allies. Watching this spectacle unfold last week, Bruce Thompson, a Merrill Lynch executive who helped slash taxes as a senior Treasury official during the Reagan Administration, chuckled and noted that "not in ten years have you seen headlines read WHITE HOUSE REJECTS...
...Department must believe that everyone who has a semester's worth of interest in economics must have two semester's worth. That leaves those of us off the Merrill Lynch track without an alternative. Take two semesters or take a hike...
...belated disclosure was prompted, said his lawyer, by his concern that an innocent man not be prosecuted. That was scant consolation to Boston's black community, which had felt persecuted for more than two months as the result of a lie. Boston N.A.A.C.P. president Louis Elisa decried "the lynch- mob mentality" ignited by the case. The Rev. Charles Stith, a prominent leader in the black community, accused local news media of "overkill" that whipped up racial tensions with biased accounts of "the worst of what black people are supposed to be." Elisa demanded an apology from Mayor Raymond Flynn...