Word: reiche
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...authorities ever had such an attitude, it has changed. Last month a Manhattan federal judge sentenced Wall Street Lawyer Ilan Reich, 32, to a year and a day in prison for his role in an insider-trading ring led by Investment Banker Dennis Levine, a former Drexel Burnham managing director whose 1986 arrest led to the eventual uncovering of the Boesky scandal. In passing sentence on the now disbarred lawyer, the judge said his punishment was intended as a deterrent. Last week another Manhattan judge gave an identical term to Robert Wilkis, 37, a former investment banker at Lazard Freres...
Even with those goals in mind, cutting even one job, says AT&T President Robert Allen, is "painful." Cost cutting can also hurt the companies if it is done sloppily or with too little thought to the future. Robert Reich, a Harvard professor of political economy and management, cautions against "slash-and-burn management" that sacrifices employee loyalty and teamwork with an eye only to short-term profits...
...most outspoken critic of corporate raiding. Observers began to describe the era as a time of paper entrepreneurship, in which a lot of stock and money changes hands but no real work gets done to benefit the economy. "In America, industry has become the plaything of finance," said Robert Reich, a lecturer in public policy at Harvard's Kennedy School of Government...
...likely to be ill- done." His comments were a reminder of the speculative frenzy of the Roaring Twenties, which led, soon enough, to the Great Crash of Oct. 28, 1929. Last week, as the 57th anniversary of that dire event rolled around, new voices raised similar cautions. Said Robert Reich, a lecturer in public policy at Harvard's John F. Kennedy School of Government: "In America, industry has become the plaything of finance." Banker Felix Rohatyn, a partner in the Manhattan investment firm of Lazard Freres and a frequent critic of Wall Street's excesses, goes further. Says...
Ignorance also hampers the fight against disease. "People may not be able to understand how to use the drugs," Reich said. And education programs don't always work. "It's very easy to say 'educate people not to do certain things,' but even when people know better, [they sometimes say] 'Oh, what the heck,'" said the third panelist, Given Professor of Tropical Health John R. David...