Word: safra
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Dates: during 1990-1999
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...suit charges that The Wall Street Journal and Journal reporter Bryan Burrough defamed Freeman in an article about his dealings with international banker Edmond Safra, according to a press release issued by Freeman's attorney...
While Amex's financial troubles could largely be chalked up as honest mistakes or twists of fate, one episode revealed a darker side of the corporate culture. In 1989 Amex managers admitted conducting a public smear campaign against Edmond Safra, a wealthy financier who had sold a bank to American Express in 1983. After he departed to start a competing bank, American Express officials began spreading the word that Safra was caught up with money launderers and drug traffickers...
...Gate, has become a formidable chronicler of Roaring Eighties-style shenanigans and greed. In a deal befitting a literary superstar, publisher HarperCollins last month agreed to pay Burrough $1 million for a book on American Express and the smear campaign it waged in the 1980s against international banker Edmond Safra. "I was absolutely stunned," Burrough said of the cash advance. "To me, the money is not a real thing. It's kind of like it's happening to someone else...
...book climbed the charts, Burrough pondered what to write about next. "I moped around for quite a while," he recalls, "thinking I wouldn't find anything that interested me as Barbarians had." But before long, he was probing the story behind American Express's extraordinary campaign against Safra, which ended last year when the company apologized to the banker and paid $8 million in damages to him and his favorite charities. "I told my agent and publisher that I was working on something that could be the next book," says Burrough. When the Journal published his 10,000-word account...