The Predators’ Ball (64 page)

Rorer,
232

Ross, Diana,
16

L. F. Rothschild,
48
,
107
,
114
,
117

Rothschild family,
191

Royal Crown,
124

Rubin, Bob,
230

Rudnitsky, Howard,
270

Ryan, Arthur,
200

Rykman, Bill,
114

Sallis Securities Company,
132

F. L. Salomon,
153

Salomon Brothers,
30
,
65
,
95
,
101
,
142
–43,
173
,
214
,
233
,
250
,
253
,
326
,
334

in “Bridge Club,”
250

Drexel compared with,
246
,
247
,
248
,
251

margin rules and,
264

National Can and,
105
,
123

Perelman and,
346
–47

Phibro Corporation merged with,
248

Wickes and,
293
–96

Salomon Inc.,
145

Salsbury, Robert,
254
–55

Sandler, Richard,
54
,
81
,
82
,
93

Pacific Asset and,
278
–79

Sandor, Richard,
251

Sassower, Goren and Schneider,
146

Sassower, Philip,
111
,
113
,
160
–61

savings-and-loan associations (S&Ls),
12
,
89
,
91
,
167
,
269
,
271
–72,
277

savings banks,
207

Saxon Industries,
155
–56,
160

Schaffenberger, George,
290

Schenley Industries,
132
,
168

Scherer, F. M.,
261
–62,
263

Schnall, Melvin E. (M. Elliot Schnall),
150
–53,
160
,
187
,
190

Schneider, James,
76

Schneider, Lawrence,
111
,
113
,
160
–161

Schroder Capital Management,
279

Schroeder, Julian,
15
,
68
,
84
,
337

Scott, Robert,
325

Scott and Fetzer,
118
,
343

Sea-Containers,
305

securities:

delivery system for,
25
–26

shorting of,
52

Securities Act (1933), Section 3(a)9 of,
76
–77,
135
,
209
,
331

Securities and Exchange Commission (SEC),
35
–39,
75
,
76
,
129
,
168
,
201
,
217

anti-takeover legislation and,
260
–61

Boesky Day and,
318
,
320
–30

Boesky investigated by,
305
–6,
312
,
318
;
see also
Boesky Day

consent decrees and,
37
,
120
,
160
,
279
,
322

14D documents and,
133

Levine and,
254

Milken's depositions for,
35
,
79
,
81
,
83
,
85
–88,
279
,
308
–12,
315
,
326

National Can deal and,
132
–33

Pantry Pride and,
214
–15

Sullivan and,
200

13D filings with,
118
–19,
154
,
172
,
191
,
291
,
293
–94,
321
,
325
,
326
,
327
,
351

TWA deal and,
182

Seger, Martha,
264

Senate, U.S.:

Banking and Currency Committee of,
37

Subcommittee on Securities of,
171
,
260

senior debt,
45
–46,
98
,
123
–24,
166

Shad, John,
41

Shapiro, Stuart,
220
–21

Sharon Steel,
120
,
124
,
139

Shearson, Hamill,
336

Shearson Hayden Stone,
40
,
41
,
43
,
336

Shearson Lehman Brothers,
250
,
254
,
318
,
346

“Shearson Mafia,”
43
,
74
,
97

Shenkman, Mark,
47
,
48
,
180
,
214
,
215
,
277
–78,
310
–11

on Boesky Day effects,
333
–34

Shenkman Capital Management,
214
,
277
,
310
–11

Shipley, Walter,
211

Sick, William,
147

Siegel, Herbert,
110

Siegel, Martin,
101
,
176
–77,
253
,
255
–58,
308
,
319

Boesky Day and,
328
–29,
334
,
337
,
351

finances of,
256

Milken as viewed by,
255
,
256
–57

Siegler, Andy,
211

Sigoloff, Sanford,
39
,
109
,
117
,
292
–295,
327
,
333

Silberstein, Ben,
319

Simon, William E.,
99

Simon Wiesenthal Foundation,
313

Sinatra, Frank,
16
,
60

single-premium deferred annuity (SPDA),
90

Skadden, Arps, Slate, Meagher and Flom,
101
,
105
,
106
,
205
,
208
,
211
,
234
,
237
,
257

Sloan, Allen,
270

Slovin, Bruce,
237

Smith, Randall,
77
,
145
–46

social revolution, Milken's machine as,
19
–20

Sokolow, Ira,
318

Solomon, David,
33
,
46
,
56
,
58
,
94
,
168
,
277
–78

Solomon Asset Management,
94
,
168
,
277

Sorte, John,
130
,
164
,
165
,
167
–68,
336

Sosnoff, Martin,
132
,
291

Southland Corporation,
345

Spear, Arthur,
292

Spiegel, Abraham,
91
,
259

Spiegel, Edita,
259

Spiegel, Helene,
259

Spiegel, Thomas,
89
–93,
115
,
119
–120,
132
,
182
,
270
,
277
,
279
–80,
311

political contributions of,
259
,
260

Spiegel family,
15

Sporkin, Stanley,
38

Spy
,
236

SSC III Corporation,
280

Staley Continental,
324
–27,
337
–38

Standard and Poor's,
27
,
281
,
283

Standard Oil,
94
,
96
,
231

Standard Oil of California,
12
,
165
,
272

Stein, Dennis,
236

Stein, Gertrude,
62

Steinberg, Saul,
12
–14,
35
–38,
57
,
82
,
93
,
109
,
119
,
270
,
273
,
293
–294,
296
,
324
,
352
,
355

career path of,
36
–37

Coss and,
291

Disney and,
13
,
107
,
164

greenmail of,
156
,
291

lifestyle of,
110

Peltz and,
110
,
111
,
112

at Predators' Ball (1985),
14
,
15

Reliance L.P. and,
16
,
120

Steiner, Jeffrey,
113
–14,
126
,
144
–145,
305

Icahn and,
154
,
159
,
160
–61,
178
,
179
,
185
,
187

on Kingsley,
153
–54

Stelzel, Walter,
123
,
136

Sterling Bancorp,
112

Sterling National Bank,
198

Sterngold, James,
342
–43,
351

Stewart, James,
320
,
321
–22,
329
,
343

Stewart, Joseph,
178
,
179

stock,
36
,
69
–70,
74
,
96
,
120
,
157
,
158
,
207
,
298
,
320
–28

convertible debt and,
27

equity offerings and,
45

exchange offers and,
66

junk bonds compared with,
28
–29,
32

margin rules and,
211
–12

options on,
151
,
152
,
162
–63

parking of,
320
–21,
327
,
328

preferred,
265
,
290
,
325

swaps of,
110
,
120

tax on dividends from,
37

stock market,
269
,
270

crash of (1987),
344
–46

as judge of intrinsic values,
262

see also
New York Stock Exchange

Storer Communications,
176
,
267

straight debt,
28

defined,
27

Stratton, James,
25

Strong Capital Management,
291

subordinated debt,
45
–46,
59
,
123
,
166
,
246

Sullivan, Fred,
15
,
156
,
199
–200,
212
,
223

Sun Chemical Corporation,
285
–86

Sydorick, David,
278

Sydorick, Thomas,
278

syndicated deals,
331

Tabor, Timothy,
328

takeover entrepreneurs, Upton's use of term,
204
–5

takeovers (mergers and acquisitions; M&A):

Air Fund and,
102

egos and appetites and,
14
,
15

first successful Drexel-backed,
203
–4

four waves of,
96

in Japan,
243
–44

Law's views on,
262
–63

Lipton's views on,
204
–5,
206
,
256

in 1960s,
96
,
263

poison pills and,
168
–69,
216
,
217
,
224
,
226
,
256

President's Council of Economic Advisers' views on,
261
–63

problems with,
100

pros and cons of,
261
–63

in Reagan vs. Carter administrations,
97

reasons for increase of,
96
–97

Rohatyn's opposition to,
206
–7

Scherer's views on,
261
–62

stars of,
101

value of,
96

Tandy,
45

Tappan,
155

Tax Equity and Fiscal Responsibility Act (TEFRA; 1982),
82

taxes,
200
,
328

income,
see
income tax

Scherer's views on,
263

zero-coupon bonds and,
82

Tax Reform Act (1986),
263
–64

tax shelters,
54
,
313

Taylor, Elizabeth,
236

Taylor, John,
307

Technicolor, Inc.,
198
–201,
210
,
235
,
236

stock of,
199
–200

Teitelbaum, Naftali,
89

tender offers,
105
,
163
–66,
172
,
185
,
255
,
349

“highly confident” letter and,
166

in proxy fights,
164
–65

Revlon battle and,
207
,
209
,
210
,
211
,
216
,
217
,
218
,
231

of W Acquisition Corp.,
265

terrorism, TWA and,
172
,
181
,
183
,
184

Tessel Paturick and Company,
151

Texaco,
164

Texas Air Corporation,
173
,
243

Texas Gulf Sulphur Company,
306

Texas International,
47
,
56

Third World, debt of,
254
–55,
353