Word: unterberg
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Wall Street reacted to the latest arrests with shock and fear. Says Jerome Markowitz, head of equity trading at the L.F. Rothschild, Unterberg, Towbin brokerage firm: "These are not fly-by-night operations. The firms and the people are the cream of the crop." Predicted Pierre Rinfret, a leading Manhattan money manager: "You ain't seen nothing yet. Before it's all over, hundreds of people may end up behind bars...
Whether Bell's findings will clear Hutton's name is uncertain. Some Wall Streeters think the worst is over for the company. Says Analyst Stephen Berman at L.F. Rothschild, Unterberg, Towbin: "Investigating Hutton has become the fashionable thing to do, but just how long can you beat a dead horse...
...Gillette hasn't succeeded in the sale of Crickets for years," said Jeffrey Ashen-berg, an analyst for the New York City investment firm of L.F. Rothschild, Unterberg, Towbin. "Obviously it's decided, 'Enough.' " In addition to being slightly cheaper, the Bic version was perceived as better by many customers. Among its advantages...
...billion a year to the Third World's already crushing debt. In Paris, European moneymen lashed out at rising U.S. borrowing costs. On both sides of the Atlantic last week, such concerns were sending shock waves through the money world. Said Bank Analyst Stephen Berman of L.F. Rothschild, Unterberg, Towbin: "The U.S. banking system is suffering from a crisis of confidence...
Educated at Deerfield Academy, a Massachusetts prep school, and Princeton University, Unterberg was bred to be an investment banker. In 1931 his father co-founded C.E. Unterberg, Towbin, which merged with L.F. Rothschild in 1977. In an office with a view of the Brooklyn Bridge, Unterberg sits at the same solid-oak desk his father used. Though he is worth more than $10 million, Unterberg and his wife choose to live in the same two-bedroom apartment they bought for $70,000 when they were married 22 years ago. Unterberg marvels at the thought that he helps make multimillionaires...