Word: morgane
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Dates: during 1990-1999
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...investment-banking firms to key employees [BUSINESS, Dec. 30-Jan. 6] blew me away. Despite the fact that their earnings underperformed Standard & Poor's 500 stock index, many Wall Street firms still gave out lavish sums of money. Your article mentioned that top traders and bankers at firms like Morgan Stanley and Merrill Lynch "will pocket $5 million" apiece. When will Mr. Average American wake up and see the extent to which he is being ripped off? And what will it take to make this industry compete like others? Do we have to invoke Congress to pass laws that will...
...typically, an investment banker at the managing-director level who earned a $1.5 million bonus last year will collect between $2 million and $2.3 million this year. A midlevel bond trader may well draw $750,000, about 50% more than in 1995 (which was a very good year). At Morgan Stanley, bonuses will increase anywhere from 30% to 40%, with the biggest checks going to investment bankers who handled stock deals, and mergers and acquisitions...
...same time, non-American firms like Deutsche Bank, Union Bank of Switzerland and Britain's NatWest are trying to muscle in on the gold mine by hiring away some of the hottest prospectors. Deutsche Bank lured investment banker Frank Quattrone from Morgan Stanley, apparently by offering the kind of deal that made it easy for him to walk away from a reported $10 million job at his old firm. Goldman Sachs is attempting to stave off poaching by creating a new rung on the corporate ladder: junior partners, who will share some of the riches traditionally reserved for full partners...
...RICHARD FISHER, SUSAN SOROS and LEON LEVY These three trustees gave a total of $42 million to New York's Bard College, a gift that allows the school to more than double its endowment. Fisher is chairman of the Morgan Stanley Group Inc. Levy is general partner of Odyssey Partners, an investment firm. Susan Soros, George's wife, is the director of Bard's Graduate Center for Studies in the Decorative Arts, based in Manhattan...
Fortunately for everyone, the boy, girl and just about everybody else in "The Mirror Has Two Faces" happen to be played by very competent actors. Streisand herself plays Rose Morgan, an English professor at Columbia who knows the name of every single student in her 400 person lecture, and appears to be teaching a class entitled "My Personal Life 101." Rose is obviously a delicate flower indeed, witty and smart but resigned to the fact that she is just not that pretty, especially in comparison to her deliciously catty mother Hannah (Lauren Bacall) and sister Claire (Mimi Rogers). A cross...