Word: walling
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Dates: during 1980-1989
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Even before last month, when the senior Wang underwent surgery for cancer of the esophagus, Wall Street suspected that the family-controlled company might be put up for sale. Now that Wang's heir apparent has stepped aside, that prospect seems even more likely...
FOOTNOTE: *The New York Times, Washington Post, Washington Times, Wall Street Journal, New York Daily News and New York Post...
...billion, or $240 a share, for UAL, the parent company of United Airlines, the second largest U.S. carrier. UAL's board said it would consider the offer, and sent emissaries to meet with Davis' advisers. Meanwhile, UAL shares rocketed from 164 1/2 to 257 in just four days. Wall Streeters believe that the price could top $300 if other buyers...
They tell a story about some guy named Ralph who demanded that his Wall Street firm hire more "good minority people...
...convicted five executives of Princeton/Newport Partners and a former trader for Drexel Burnham Lambert of 63 felony counts stemming from illegal stock-trading schemes. They were fined a total of $3.8 million. The case marked the first time the Racketeer Influenced and Corrupt Organizations Act has been used against Wall Street executives, and thus lays the groundwork for the Government's prosecution of junk-bond king Michael Milken, formerly of Drexel. Since Drexel was Princeton/Newport's main partner in the illegal trades, evidence from the trial is likely to be used again, against Milken...