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...based investment firm of Kohlberg Kravis Roberts. Masters of the so-called leveraged buyout, Jerome Kohlberg, 62, Henry Kravis, 43, and George Roberts, 44, each earned $50 million. Neck and neck were former Treasury Secretary William Simon, 59, chairman of Wesray Capital in Morristown, N.J., an investment firm, and Raymond Chambers, 44, president of that company. They pulled down an estimated $45 million to $50 million each...

Author: /time Magazine | Title: Making Oodles of Boodle | 6/22/1987 | See Source »

Perhaps the most glaring flaw in your story is the reference to former Labor Secretary Raymond Donovan's trial as evidence of moral decay in high places. The result of the Donovan trial, wherein he was acquitted, only underscores your total lack of sensitivity. You treated him as if he were guilty while the jury was deliberating on that very issue...

Author: /time Magazine | Title: Letters: Matter Of Ethics | 6/22/1987 | See Source »

Thus ended the long ordeal of Raymond Donovan, the first U.S. Cabinet member to be indicted while in office. Almost from the time of his confirmation as Secretary of Labor in 1981, Donovan was plagued by allegations that he had maintained close ties with mobsters while he was a construction executive in New Jersey. A special prosecutor investigated him twice and concluded each time that there was "insufficient credible evidence" to indict Donovan for anything. Nonetheless, in 1984 Bronx District Attorney Mario Merola persuaded a grand jury to indict Donovan and the other defendants on charges of larceny and fraud...

Author: /time Magazine | Title: Give Me Back My Reputation! | 6/8/1987 | See Source »

...Business School study commissioned by Boston Mayor Raymond L. Flynn's Policy Office concluded last week that anti-drug campaigns featuring celebrities have little effect on the youth group they target...

Author: By Teresa A. Mullin, | Title: Study Finds Anti-Drug Ads Ineffective | 5/29/1987 | See Source »

...Raymond Carlson, general superintendent of the Assemblies of God, said "many people" were willing to confront Bakker and Dortch with their charges but the accused clergymen declined to participate in the investigation. "There is a very large file on this," said Carlson. "Other evidence could be used," but the officials "felt this was sufficient." Church observers noted that adultery alone justified defrocking. The homosexual charge may have been put on the record so that Bakker would have to respond to it if he ever sought to regain ministerial credentials. Under Assemblies bylaws, a minister ousted for adultery can apply...

Author: /time Magazine | Title: Religion: Ousting Two from the Clergy | 5/18/1987 | See Source »

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