Word: rothschild
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...some other fruity reds benefit from cool temperatures. Nixon says California's consistent climate renders vintage years virtually irrelevant as a guide to quality, a claim that would be disputed by the Napa and Sonoma vintners who suffered through icy rains last fall. Nixon heralds the 1961 Chateau Lafite-Rothschild as the century's greatest Bordeaux; he serves it when regaling journalists in his home. Wine critic Robert Parker calls the 1961 "unyielding, too acidic, disturbingly austere and surprisingly ungenerous." Parker's pick: the 1949 Lafleur Pomerol...
...grown fiercer by the week. To gain the confidence of prospective clients, even the best-known advisers must often work for months without being formally hired. The day after Drexel declared bankruptcy in February, some of its major creditors sought help from Wilbur Ross, a senior managing director at Rothschild Inc., a top workout firm. Ross agreed to represent half a dozen large bondholders, who held a total of $100 million in Drexel notes, without a retainer in order to win their business. Says he: "We can't run ads, so we market by being there and offering help when...
...lenders to roll over $2.3 billion of loans. But even if the creditors agree, the Canadian company must put its U.S. retail operations on a sound financial footing by taking drastic steps to trim costs and sell properties. Observes Wilbur Ross, senior managing director of the Wall Street firm Rothschild Inc. and an adviser to Federated bondholders: "The Campeau people have to get all the pieces together at once to solve this problem. The stores can get by in the period after Christmas, but they cannot go without spring merchandise...
...protect the store franchises," says Monroe Greenstein, an industry analyst at Bear Stearns. The Federated and Allied chains could then operate under bankruptcy protection, which would entitle them to suspend interest payments and pay suppliers more promptly for their goods. But other Campeau watchers reject that strategy. Says Rothschild's Ross: "There is relatively little that can be done in bankruptcy that cannot be done out of it." He argued that while a bankruptcy filing would reduce interest costs, it would produce legal and other professional fees that could run to millions of dollars a month...
...first Rothschild Lecture, an Israeli writer and a Palestinian activist last night presented opposing views on the Israeli-Palestinian conflict and the role women should play in solving...