Word: walling
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Dates: during 1980-1989
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When an attempted buyout of UAL, the parent company of United Airlines, collapsed two months ago, the news sparked the minicrash of Oct. 13. Now the failed bid is the talk of Wall Street once again, this time because of a Wall Street Journal report that bankers and lawyers will earn $58.7 million in fees for the deal, despite its downfall. More than $8 million will go to the investment firm Lazard Freres, which advised United's pilots union in the labor-management bid to buy the carrier for $6.8 billion...
...enough that he can make any film he wants ((with a top studio))," says the president of a major film studio. To date, most of the independent film companies that went public in the mid-'80s have been stock-market duds. Will Brooks beat the odds? Some Wall Streeters are cautiously optimistic: "Mel has the ability and contacts to make a success of this," says analyst Harold Vogel of Merrill Lynch. Even so, the title of Brooks' next film, Life Stinks, is not exactly bullish...
...LINE by Len Deighton (Knopf; $18.95). When the Berlin Wall came tumbling down, it landed on Deighton, who was caught in mid-trilogy about a British agent in the divided city whose wife has left him to set up her own spy shop on the east side of the Wall. A competent thriller that seems just a little quaint...
...coverage of the Malta summit and other world events, you will find two unique pieces of journalism in this week's issue. One is an interview with East German leader Egon Krenz, the first he has given to an American magazine. The discussion deals with the fall of the Wall, German reunification, the future of socialism and Krenz's decision to avoid bloodshed in Leipzig. The other story is an amazing reconstruction of what went on behind the scenes in Prague in the months before the fall of the Communist regime. These are only two examples of the additional dimension...
After three grueling years of law school, Darren Walker stepped into a plum job: a position as an associate with the prestigious Wall Street firm Cleary, Gottlieb, Steen & Hamilton. But what started out as a young lawyer's dream soon turned into a bleary round of long days and stressful nights. "I knew the end was near for me when I woke up on the floor of someone's office one morning and didn't know where I was," says Walker, 30. Having clean underwear and shirts delivered to the office by messenger too many times finally convinced him that...