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...expert, Kennedy School lecturer Robert B. Reich, says "I doubt that this is the most socially productive way to use that money." The economist, who has taken his dispute with LBOs to the op-ed page of The New York Times and the front cover of The New Republic, argues that "the only clear winners [in leveraged buyouts] are investment bankers and lawyers...

Author: By Rebecca L. Walkowitz, | Title: Harvard: Making a Profit | 3/2/1989 | See Source »

Analysts agree that leveraged buyouts serve no one but the dealmakers. Professor Robert Reich at the Kennedy School has said of the RJR takeover that it "clearly exposes the greed and rapaciousness of so many of these takeovers." As the University is run more and more like a corporation, it seems to be losing--no matter how much its administrators protest--its moral purpose, so that the only standards in visible practice are those dictated by the University's own greed...

Author: By John J. Murphy, | Title: Money the New-Fashioned Way | 12/15/1988 | See Source »

...investment community, where some executives feared that the Johnson-initiated scramble would swallow up too much of the available money for deals and, moreover, give mergers and LBOs a bad name. "This is the sort of excess that investment bankers have worried about for years," said economist Robert Reich of Harvard's John F. Kennedy School of Government, "because it so clearly exposes the greed and rapaciousness of so many of these takeovers." Martin Weinstein, managing director of Kubera, a Wall Street arbitrage firm, concurred: "Do I sense fear? Yes. At some point there is going to be a rebellion...

Author: /time Magazine | Title: Where's the Limit? Ross Johnson and the RJR Nabisco Takeover Battle | 12/5/1988 | See Source »

Many Germans felt that Hitler's Third Reich would bring glory to their nation. Many Germans felt that annihilating the Jews was warranted and gladly took part in the insane assaults upon their fellow citizens. Many ignored the Holocaust completely while others remained fearfully silent...

Author: By Michael J. Bonin, | Title: Bearers of Bad News | 11/16/1988 | See Source »

Nazi thugs destroyed 267 synagogues in West Germany, killed 91 Jews, rounded up 30,000 for shipment to concentration camps, destroyed Jewish homes and ransacked 7,500 Jewish businesses. The same thing happened in Austria, Hitler's homeland, which he had annexed to the Third Reich eight months earlier...

Author: NO WRITER ATTRIBUTED | Title: German Parliament Head Steps Down | 11/12/1988 | See Source »

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