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Shearson was short of capital, and Mr. Chapman finally responded to Mr. Weill's inquiries.
WSJ: Street Veteran Who Sold Shearson, Hammill
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First Boston, Kidder and Shearson would have gone under if they hadn't been rescued by rich parents.
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Shearson had a good reputation, one of the few names in the industry that were never tarnished.
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Not long after leaving Harvard, he landed at Shearson Hayden Stone, the brokerage firm run by Sanford Weill.
NEWYORKER: Mastering the Machine
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His only major mistake was selling Shearson Loeb Rhoades in 1981 to American Express , where he was rejected in his ambition to be named president.
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Brokers at houses like Shearson Lehman Brothers were furious at their own firms recently because Damson Oil is converting its limited partnerships into a publicly traded company.
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The Sixth Circuit in Shearson agreed with the D.
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Driving hard bargains all the way, he has acquired at one time or another such financial brand names as Travelers Insurance, Shearson Hammill, Hayden Stone, Smith Barney, Commercial Credit, Loeb Rhoades, Salomon Bros. and finally Citicorp.
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Mr. Chapman stayed with Shearson through further mergers and Mr. Weill's eventual sale of the company to American Express, where Mr. Chapman became vice chairman and in charge of developing a global private-banking network.
WSJ: Street Veteran Who Sold Shearson, Hammill
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And for those of us of a certain age, there is always the tale of Peter A. Cohen, the 1980s investment banker, formerly with Shearson, who was a loser in the celebrated scramble for a leveraged buyout of RJR Nabisco.
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The questions of how and when an agency may exempt itself from the Privacy Act are not only central to this case, but also have divided the federal courts of appeals into two camps, a circuit split that could be resolved by the U.S. Supreme Court should Shearson petition successfully for her case to be heard.
FORBES: Should Government Agencies Be Able To Exempt Themselves From The Privacy Act?