Word: shad
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...School's efforts to improve ethics instruction were facilitated two years ago by the well-publicized $30 million grant to the school, announced shortly after Wall Street's unprecedented insider trading scandal. Two-thirds of the funds were given by 1949 Harvard MBA John S.R. Shad, now Chair of the Board of Drexel, Burnham, Lambert, Inc., who chaired the Securities and Exchange Commission at the time of his gift...
...will allow the firm to close the book on a 2 1/2-year federal probe. But the price is high. The agreement puts Drexel on probation for three years and requires it to set up an oversight committee. The firm is also naming a new chairman, former SEC head John Shad, to succeed Drexel's Robert Linton. As expected, the deal forces Drexel to cut all ties to its former junk-bond king, Michael Milken, who is facing separate criminal charges of racketeering and securities fraud. Last week Milken agreed to set aside assets of at least $600 million, which could...
...ethics grant closely followed Wall Street's unprecedented scandal two years ago. Two-thirds of the money came from Ambassador to the Netherlands John S.R. Shad, who then chaired the Securities and Exchange Commission and who received a 1949 Harvard...
What better way to police a company than to sign up a former top cop? Wall Street's Drexel Burnham Lambert, which agreed last month to settle criminal- fraud charges, plans to hire a new chairman for its holding company. Drexel's choice to succeed Robert Linton: John Shad, the U.S. Ambassador to the Netherlands and former head of the Securities and Exchange Commission. Drexel is also recruiting trade consultant Roderick Hills, another former SEC chief, to serve on the firm's board. Neither had formally accepted by week...
Although the Delaware will never regain its precolonial purity, the estuary has been vastly improved. Shad, which disappeared 60 years ago, are back, along with 33 other species of fish that had virtually vanished. Estuary Expert Richard Albert calls the Delaware "one of the premier pollution- control success stories...