Word: walls
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Dates: during 1990-1999
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...skepticism doesn't end in Los Angeles. The New York Times, Wall Street Journal and USA Today have all put Bronfman's performance under the critical microscope. Contrarian weekly Barron's, however, sees his actions as a harbinger of good things to come. Earlier this month, the Toronto Stock Exchange halted trading of his parent company, Seagram, to allow officials to deny a whirl of rumors: that Seagram was shedding its Tropicana juice division; that Bronfman might sell Universal to DreamWorks; and, last and most incredible, that patriarch Edgar Bronfman Sr. was essentially firing...
What do corporate chiefs know about the market? Individually, very little. Star honchos like Jack Welch at General Electric and Bill Gates at Microsoft can't time the Dow any better than the Beardstown Ladies. But they clearly know more about their own companies than anyone on Wall Street. So their actions as a group say something about the market as a whole. That's why analysts monitor things like insider stock transactions, new stock offerings and corporate stock buybacks. Even for wealthy CEOs, the object is to buy low and sell high, whether in managing the company's coffers...
...first explorations of the job market were in the field of finance. I don't have much interest in finance either, but it pays better then the local soup kitchen. I called every contact I could think of, intent on snagging a lucrative position on Wall Street. I soon discovered that most of my contacts are bastards...
...responsibility is to bring the steam up to the wall of the building," says Hawkes...
Daniel Kadlec is TIME's Wall Street columnist. Reach him at kadlec@time.com