Word: marcs
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...Smith, gossip columnist for the New York Daily News. She was inspired to that judgment by a White House Rose Garden party attended by, among others, Ronald and Nancy Reagan, a Secretary of State and a Supreme Court Justice, and Mrs. Reagan's New York hairdresser, Monsieur Marc (who later quoted the Liz Smith line on the jacket of his memoirs, Nouveau Is Better Than No Riche...
...Monsieur Marc, 50, a white-haired Belgian who presides over a chandelier-lit salon on Manhattan's East 65th Street, sees considerable variety in his clients' current styles. "We have very elegant women and sporty women," says Monsieur Marc, stroking Tanya, the German shorthair that has the run of the place. "They might arrive in an evening gown or they might come in an exercise suit. They behave like ladies." Adds one of his colorists, Alain: "They set high standards. After all, what else is there...
Clarendon Ltd., the American subsidiary of Swiss-based Marc Rich & Co. AG, pleaded guilty to generating at least $50 million in illegal oil profits during 1980 and 1981 and then dodging taxes on the money by transferring the earnings overseas. Last week's settlement will allow the two companies to resume operating in the U.S. But criminal charges of tax evasion, fraud and racketeering still stand against Rich and his partner, Pincus ("Pinky") Green. The two, both 50, fled from New York City to their headquarters in Zug, Switzerland, in September 1983, only a few weeks before federal investigators...
...aboard a Swissair jet, but customs officers intercepted them at New York's Kennedy Airport after apparently being alerted by a mole in Rich's organization. At one point, in order to avoid court fines, Rich and Green hastily changed the name of their U.S. subsidiary from Marc Rich International to Clarendon and arranged a secret sale of the company to a shareholder in their Swiss firm...
Rich and Green apparently remain ensconced in their modern, blue-glass headquarters in the lakeside town of Zug (pop. 22,000). There the pair are regarded by some natives as folk heroes rather than accused felons. But it will take a long time to rebuild Marc Rich's globe-straddling commodities business. Many customers have reportedly shied away, as have some of the firm's skilled traders! Said one departed employee: "This company has gone through hell." Not to mention having just given up nearly $200 million...