Word: shearson
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...resigned from his Hutton post earlier this month. While he was at Lazard in 1984, the firm advised Chicago Pacific in its unsuccessful takeover bid for Providence-based Textron. Government officials suspect that Wilkis passed along information regarding that and other takeover attempts to Levine. Meanwhile, Drexel, Lazard and Shearson Lehman Bros. were all conducting internal investigations. Virtually every major securities firm in Manhattan circulated memos to employees reminding them of their ethical and legal responsibilities. One Wall Street mutual-fund manager confided that he is afraid even to telephone heads of companies whose stock his fund owns to discuss...
Before Travelers, Weill had built a small New York brokerage firm into the second biggest in the land, Shearson Loeb Rhoades, which he sold to American Express in 1981. Boxed in at Amex, he quit and later started over with Commercial Credit, a Baltimore consumer-finance company. To that he added Smith Barney, his old firm Shearson, Salomon Brothers and Travelers insurance...
...case, so I went and got a collaborator who was very well briefed and knowledgeable about the banking and financial world--the No. 1 analyst at Merrill Lynch--and he spent time interviewing everybody whose name is in the book. These were people whom I was mentoring like [Shearson's] Peter Cohen or [Citigroup's] Jamie Dimon; or John Reed, after we did our merger. One of the interesting things in spending two years working on a book is that it is a little cathartic. People whom I had grudges about--I felt that it's enough time and life...
Wall Street wonders, though, how Burr will mesh a traditional, highly unionized airline with People's unorthodox structure and style. Says Robert Joedicke, an airline expert for Shearson Lehman Bros.: "Running a company with labor unions on one side of the house and no unions on the other side is going to be tricky. Under those circumstances, collective bargaining can be contagious." In the merger agreement, Burr pledged to operate Frontier as a separate company until 1990. Says he: "Over the next five years, we'll try to convince the Frontier people of our way of doing things...
Although other coffee producers may push up exports, coffee prices are likely to be erratic for the next few months. Says Sandra Kaul, a research analyst with Shearson Lehman: "Even if there is plenty of coffee around, the flow of it will not be very smooth." Indonesia and other countries are not set up to ship significantly larger quantities...