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Boesky, known for the last four years as the country's most powerful arbitrageur, is now also known as the largest offender of his profession's mortal sin, insider trading.
What is also astounding is the fact that the Securities and Exchange Commission (SEC) has given him nearly two years, until April 1, 1988, to withdraw from the U.S. market. Too much time and consequently too much unfair profit. And after that he is free to practice his profession in...
Gould, who has contributed sports articles to both Sports Illustrated and Vanity Fair magazines, says, "Writing sports articles is not a big profession of mine, but it's a secret pleasure."
Throughout his seminar and the reception for students that followed, Landis unconsciously reiterated his central theme. To the legions of sycophantic admirers who asked for tips on entering the movie business, Landis repeated that directing is "greatly overrated as a profession. There are no rules." Some in Hollywood might wish...
One fast-growing industry that will undoubtedly reap a windfall from tax reform is the financial-advice business. "Congress has given us a supposedly simplified tax law," says Jean Hehn, a tax adviser in Port Washington, N.Y. "Well, there are so many ifs, buts and whens in it that it...