Word: white-collar
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Even after years of belt tightening that was supposed to make companies more competitive, many firms are still cutting deeply into their white-collar work forces. The firings have thrown secretaries and managers alike into an increasingly hostile job market. "I was in shock," says a former top executive of a Midwestern men's clothing retailer who was laid off in August. The dismissal left the middle-aged breadwinner with six months' severance pay and three college-age children. "Right now, companies are paring down just to survive," he says. "But the fact that ((the economy)) hits home and strikes...
...fines and $400 million in restitution. Scores of Milken's friends -- and a smattering of his foes -- have deluged New York Federal District Court Judge Kimba Wood with more than 200 letters that aim to sway her decision about his prison term. While such lobbying is common in white-collar proceedings, Milken's case has attracted letters from a dazzling potpourri of the rich and famous...
...Whites were never required for tennis. But the fact that there was a court and other such amenities, along with a clientele of celebrity convicts like Wall Street finagler Ivan Boesky and Watergate culprit H.R. Haldeman, earned California's Lompoc Federal Prison Camp a reputation as a country club. Set on 42 campus-like acres, Club Fed, as it was called, had neither walls nor armed guards. Its 650 or so mostly white-collar prisoners rose at 6 a.m. to pancakes or oatmeal and worked until 3:30, earning 11 cents to 42 cents an hour (Boesky cleaned the visiting...
...water. The tap has long been dry. So he must get up in the dark of night and, laden with plastic pails, take a five-minute walk down the street to a public tap. Since the water flows only between 4 a.m. and 6 a.m., Asokan, 34, a white-collar worker at a finance company, tries to be there by 3:30 a.m. to get a good place in line. His reward: five buckets that must last the entire...
Never in this kind of conversation does anyone mention the exact type of law to be practiced. General references are made, of course. Sometimes there is a vague mention of white-collar crime. Sometimes there is talk of environmentalism. Sometimes, the really liberal people, the ones who feel like they're "selling out," will criticize Harvard Law Dean Robert C. Clark's recent (unsarcastic) remarks on the "intensely moral" nature of corporate management...