Word: tsai
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Dates: during 1980-1989
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...billion buyout, to be financed mostly by giving Commercial Credit stock to Primerica shareholders, marks a triumphant return to Wall Street for Weill, 55, who built the investment firm that has become Shearson Lehman Hutton. What gave Weill his opportunity was a strategic miscalculation by Primerica Chairman Gerald Tsai, 59, who paid a lofty $750 million for Smith Barney just a few months before last year's crash. The debt he incurred in buying the firm became burdensome when Smith Barney's brokerage business sagged after Black Monday. Weill, as head of the combined firm, intends to sell Primerica...
...Belcove '89 Night Editors: David J. Barron '89 Martha A. Bridegam '89 Susan B. Glasser '90 Brooke A. Masters '89 Copy Editor: Frank E. Lockwood '89 Editorials Editor: Jessica A. Dorman '88 Features Editors: Mark T. Brazaitis '89 Benjamin R. Miller '89 Photo Editors: Kim E. Bettcher '90 Stephen Tsai '91 Gavin R. Villareal '90 Sports Editor: Colin F. Boyle...
...Gerald Tsai, 59, is a legendary Wall Street figure who made millions as a mutual-fund manager during the go-go '60s. Now the Shanghai-born whiz is chief executive of Primerica, formerly American Can, once a pillar of Smokestack America and currently a $2.9 billion financial-services conglomerate. Last week Tsai burst back onto Wall Street when Primerica announced that it had agreed to buy Smith Barney, one of the country's best-known brokerage firms, for $750 million...
...acquisition caps Tsai's efforts to transform Primerica into a financial powerhouse. Since he joined Primerica, the company has shed more than 25 businesses and acquired 15 others. In snaring Smith Barney (1986 revenues: about $1.1 billion), Tsai paid double the assessed value of the firm's assets, which Wall Street analysts called a bargain...
...House, Daniel Josell of Lowell House, Russell C. Klein of Lowell House, Daniel E. Kligensmith of Lowell House, Calvin J. Kuo of Lowell House, Donald B. Marron of Eliot House, Eliseo E. Neuman of Dudley House, TaiYun Roe of Dunster House, Evan P. Salant of Eliot House, Eugene C. Tsai of Quincy House, Samuel M. Wu of Quincy House, David E. Yarowsky of Mather House, and David I. Zuckerman of Lowell House...