Word: scandalizes
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Dates: during 1980-1989
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...Chrysler-Renault agreement was the highlight of a surprisingly wild week of merger activity, which came at a time when many Wall Streeters had been expecting a slowdown in takeover bids because of tax reform and the insider- trading scandal (see following story). Chrysler, which began considering the AMC purchase last summer, estimates that it missed out on $100 million worth of potential tax write-offs on the deal on Jan. 1 because the advantages were eliminated by the reform legislation. Nonetheless, Iacocca was determined to buy AMC. Said he: "((The merger will)) strengthen both of us in what...
...Americans alike, the heated clash of interests and emotions in the aftermath of the Pollard spy case threatened last week to spin out of control. Despite mounting evidence of U.S. displeasure over the affair, Israeli Prime Minister Yitzhak Shamir stubbornly resisted backing a proposed Israeli investigation into the scandal as long as he could before finally yielding to the growing pressure for a full-scale probe. Shamir's position was that the Pollard case was over and Israel had apologized sufficiently to the U.S., and he seemed bent on dismissing the matter as a "rogue" operation that had been approved...
...Jerusalem financial circles, where they seemed the very models of the modern investment wizard. Less known to their colleagues -- in fact, their deep, dark secret -- was the amount of time they spent in frequent, terse phone conversations. Last week the subject of their calls became the stuff of scandal when the Securities and Exchange Commission charged Vaskevitch, 36, the head of international mergers in Merrill Lynch's London office, and Sofer, 46, an Israeli stock speculator, with ringing up more than $4 million in illegal profits from a transatlantic insider-trading scheme...
...Merrill Lynch last week's accusations were a shock, even though the company was not accused of making any profits from the alleged insider dealing. It was still an end of innocence, since Vaskevitch was the firm's first investment banker to get caught up in the insider-trading scandals. Moreover, the involvement of so high an executive in the largest U.S. brokerage firm sent new waves of shivers through Wall Street. According to the rumor mill, which is now more preoccupied with subpoenas than proxy statements, as many as 60 Wall Streeters will be accused in connection with...
Since the Iran-contra scandal was exposed last November, it has been clear that two men are crucial to unraveling the tangled scheme: former National Security Adviser Admiral John Poindexter and his deputy, Lieut. Colonel Oliver North. But the two have stubbornly refused to discuss their roles in the weapons sales to Iran and the secret funding of the Nicaraguan contras, invoking their Fifth Amendment protection against self-incrimination. Last week the arrangements for forcing the silent partners to talk led to a clash between the Senate Select Committee and Independent Counsel Lawrence Walsh...