Word: shad
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...southern end at the Virginia capes, only 30 miles wide at its broadest point, the Chesapeake has long been a source of almost overwhelming natural abundance. Geese, black ducks, mallard, teal and widgeon have darkened the skies over the bay and fattened themselves in its marshes. Striped bass, shad and herring spawn in its shallow bays. Oysters, clams and the succulent Atlantic blue crab provide the bay's hardy watermen with a livelihood and gourmets with seafood delights...
Wall Street has never been famous for its moderation, and now there are growing doubts about the soundness of the deals. John S.R. Shad, chairman of the Securities and Exchange Commission, has issued a surprisingly sharp warning. Said he: "The more leveraged takeovers and buyouts today, the more bankruptcies tomorrow." Reason: the companies are vulnerable to high interest rates and a down turn in business because of the large loans they have taken on to finance their own purchase. Shad's views echoed those of Felix Rohatyn, a senior partner in the in vestment banking firm of Lazard Freres...
...Fedders and his boss, SEC Chairman John Shad, are cautious about a separate insider trading proposal before the Senate. Sponsored by New York Republican Alfonse D'Amato, it would strengthen penalties but also greatly broaden the legal definition of persons considered to be insiders. While that group is now limited to such individuals as company executives and major shareholders, the D'Amato proposal could apply to anyone from a secretary to a board chairman to a journalist who had inside information about a company. Last week Fedders warned Senators that a squabble over definitions could delay or even...
...Westport, Conn., home or the firm's Manhattan office. "He runs the place with an iron hand," says a former employee. Nonetheless, he has attracted notable talent. Otto Eckstein, the head of Data Resources, an econometric forecasting firm, was a summer intern at Value Line. John Shad, chairman of the Securities and Exchange Commission, also was an employee...
...plumb them, it said in stead these are private areas of conscience that everyone both understands and experiences, and it is only common sense to acknowledge their existence and to mention what goes on there. The commissioners enhanced the concept of moral responsibility by applying reality to it, a shad part of reality certainly, but no less real than shadows. One may even deal in shadows of doubt...