Word: bails
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After Perella and Wasserstein finally decided to bail out last week, they met Monday night at the office of their law firm, Wachtell, Lipton, Rosen & Katz, where attorneys helped them draft a charter for their new company. The next morning the two went to First Boston and wrote their resignations. "This is a decision not reached easily," read Perella's handwritten note. Says Wasserstein: "I was flattered to be well paid, but I disagreed with the firm's management on fundamentals." The departing stars made an 11 a.m. appointment with Buchanan in his 43rd-floor Manhattan office, where they cordially...
...released a few days after his arrest on $25,000 bail in cash...
...closest associates: Jeffrey Sun, former chief executive of the stock exchange, and Donald Tsang, who heads the exchange department in charge of new stock listings. The three men were taken to the operations headquarters of the government's Independent Commission Against Corruption, held for ten hours and released on bail totaling nearly $2 million. Though no charges were filed against them, their travel documents were confiscated...
Meanwhile, Razo, who could face up to 19 years in prison if convicted for the 10 alleged robberies, remains in jail on $100,000 bail. A superior court judge last month denied a motion by Razo's attorneys to decrease the bail to $30,000, said Jim Eger, the public defender...
...speeded up. Some finals clubs, notably the Phoenix and the Fox, are experiencing financial difficulties. Were they sued for sex discrimination, the cost of a lawsuit might mean their financial ruin. The UC should step right in and buy them up--before the University has time to bail them out like they did the Hasty Pudding club. A new student center could be constructed on their land, or the buildings could be sold to pay for a student center on, say, the site of the Fly Club, it they were willing to sell...