Word: tisch
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...years Harry Tisch was the leader of the Confederation of Free German Trade Unions, commanding more than 9 million members and almost limitless perks. But when communism fell, so did Tisch, and last week he became the first member of the former East German regime to go on trial for abusing his power. Among the charges against him: diverting $70 million in union funds to personal projects, including the construction of a luxury hunting lodge on the Baltic...
...since the government now owned the firm's loans and most other assets. Owners of Bank of New England stock, which fell from $9 a share a year ago to about 50 cents a share just before the bankruptcy, saw their investments vanish. The losers included CBS president Laurence Tisch and his brother Preston, who held some 500,000 shares they acquired last year as part of a contrarian strategy of investing in troubled banks in the hope of a rebound...
...founder. Her book charts the trajectory of Paley's extraordinary career, from his purchase of a small group of radio stations in 1928 through his nurturing of CBS to become America's pre-eminent broadcast organization to his long, long goodbye and final, reluctant embracing of new owner Laurence Tisch. But in stark contrast to the encomiums written and uttered after his death last month, Smith's biography cuts a broadcast titan down to 21-in. size. Maybe smaller...
...LAURENCE TISCH...
...financial wizard whose acumen, and sometimes shady practices, powered the 1980s takeover wars. While Milken earned more than $1 billion as the guru of the now defunct Wall Street firm Drexel Burnham Lambert, friends argued that accumulating vast wealth was never his main goal. Wrote CBS president Laurence Tisch, who said he has known Milken for almost 20 years: "I have rarely dealt with a more dedicated and faithful professional or one more sensitive to the needs and goals of his clients or more mindful of the needs of society at large...