Word: scandal
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Although Joseph was involved in a widely-publicized Wall Street scandal in the late 1980s, he is remembered by many of his classmates at Harvard Business School—where he graduated in 1963—for his leadership in business and nonprofit work...
Joseph served as CEO of Drexel Burnham Lambert Inc. from 1985 until the firm’s collapse in 1990. Before scandal struck, Drexel profited in the 1980s from selling junk bonds, but then Michael R. Milken, a trader under Joseph’s supervision, was imprisoned for 22 months and fined $600 million for violating U.S. securities law, according to Bloomberg News. While Joseph faced no criminal charges, he was banned for a time from assuming another position as a Wall Street CEO, according to Portfolio.com’s “Worst American CEOs of All Time?...
Joseph rebounded from the scandal, becoming managing director of Morgan Joseph & Co., a firm which he helped to found...
...paper faces a libel suit from Berlusconi, as have foreign magazines and journalists who have criticized him in the past. "There are newspapers which have gone past the limits, have been too invasive of the Prime Minister's private life," says Carfagna. (Read "How Has Berlusconi Survived His Sex Scandal...
...Read "India Tries to Save Jobs After Satyam Scandal...