Rohatyn, Felix, 31, 73, 204
Romano, Benito, 485, 487–88, 490, 494–95, 512
Romano, Robert, 270, 271, 272, 273, 374–75
Romatowski, Peter, 290–91
Ronson, Gerald, 235, 552n
Rosenthal, Alan, 225, 258, 432, 520–21, 532
Ross, Diana, 138
Ross, Steve, 259, 439, 442, 444, 468
Royce, Steve, 45–46, 47
Rubin, Robert, 31, 174, 385–86, 493–94
Rupearl, 79, 94
Sachs, Peter, 34, 197
Safeway, 361, 533
St. Regis Paper Co., 185–88
Salerno, Anthony “Fat Tony,” 430
Salomon Brothers, 25, 31, 33, 126–27, 245, 413, 470, 524, 527
Sandler, Richard, 223–24, 365–66, 367, 368, 377, 416, 441, 444, 455, 459–60, 464, 466, 469, 486, 489, 509, 510, 516, 518, 523
San Francisco Chronicle, 138
Sato, Steve, 34
Saunders, Ernest, 551n–52n
savings and loan scandal, 521–22
SCA Services, 185–86, 391
Schaad, Hans Peter, 284
Scheiber, David, 504
Schneiderman, Irwin, 259, 260, 478
Schneier, Arthur, 265
Schumer, Charles, 347
Schwartz, Marvin, 381, 392, 394
Schwartz, Peter, 388
Scott & Fetzer, 229, 319
Seagram-Seagram Co., 98
Securities Act (1933), 27
Securities and Exchange Commission (SEC), 18, 21, 31, 43, 50, 54, 79, 93, 102, 122–23, 125, 170, 217–19, 233, 236, 270, 272, 280–86, 290, 308–9, 330, 336, 339–40, 353, 354, 359, 364–66, 372–75, 392, 394, 431, 443, 449, 467, 483, 528, 530
Bank Leu investigation by, 273–78
Black’s negotiations with, 482–83
Boesky debriefed by, 332–34
Boesky investigated by, 320–25
Boesky’s code name at, 327
Boesky’s fine and, 337
Campbell’s testimony to, 274
Coastal-ANR deal and, 157
creation of, 27
Drexel bankruptcy and, 506
Drexel investigated by, 432–34
Drexel settlement by, 497
Drexel’s plea negotiations with, 482–83
Drexel suit filed by, 461
Kidder, Peabody charges settled by, 400–401
Levine investigation of, 276–78
Levine’s arrest and, 297
Levine’s assets frozen by, 295, 305–7
Levine’s testimony to, 150–51
negative press and, 344–46
Pitt’s negotiations with, 286–88, 291–93
Posner sued by, 119
Reich subpoenaed by, 316–17
short sale requirements of, 539n
Siegel penalties demanded by, 355–56
Siegel subpoenaed by, 352
Textron trading investigated by, 150–51
U.S. Attorney’s office dispute with, 357–58, 436–38
Wilkis investigated by, 276–77
Securities Exchange Act (1934), 27
Seemala, 207
Seligman Harris, 374
Senate, U.S., 365
SFN Companies, 146–47
Shad, John, 31, 50, 272, 286, 296, 330, 337, 338, 356, 497, 558n
Shakur, Mushuly, 430
Sharon Steel, 119, 121
Shearer, Norma, 116
Shearman & Sterling, 191
Shearson/American Express, 152
Shearson Hayden Stone, 26, 50, 56
Shearson Lehman Brothers, 152, 154, 155, 158, 162, 245, 469
short sales, 539n, 545n–46n
Siegel, Jane Day Stuart, 37–39, 107, 109, 189, 193, 349–50, 351–52, 354–55, 359, 515–16
Siegel, Janice Vahl, 29–30
Siegel, Jessica, 359
Siegel, Martin A., 17–20, 22, 42, 100, 117, 133, 140, 159, 168, 170–71, 204, 206, 215, 219, 260, 304–5, 319, 320, 322–23, 330, 332–34, 338, 348, 364, 379, 382, 386, 391–94, 398, 401, 417, 422, 426, 434–37, 452, 463, 493, 530
background of, 28–29
Beatrice deal and, 200–202
Bendix-Martin Marietta takeover and, 111–13
“blackmail” attempt on, 349–50
Boesky’s Harvard Club meeting with, 109–11
Boesky’s payments to, 113–14, 167–68, 176–78
Boesky’s relationship with, 35–38, 106–8, 164–67, 170, 175–76
Business Week article on, 33
Carberry’s meeting with, 357
Clabir-HMW takeover and, 142–44
club membership of, 192–93
confession to Jane from, 352
Continental deal and, 182–84
as CS-1, 384, 386–87
DeNunzio and, 34–35, 108–9, 173, 176, 198–99, 203, 204, 250
Disney deal and, 181–82
Drexel tenure of, 247–54
first marriage of, 29–30
Florida move of, 358–59
Fortune article and, 172–74
Freeman’s guilty plea and, 496
Freeman’s relationship with, 178, 181–89, 194–95, 196–200, 254
golden parachute tactic of, 34
government errors discovered by, 396
guilty plea of, 390
Joseph and, 247–50, 353–54, 360
at Kidder, Peabody, 25–26, 29–31
Kidder, Peabody merger suggested by, 203
Lipton and, 350, 353, 388–89, 534
Macy deal and, 199–200
Milken’s meeting with, 248–50
“PacMan” defense employed by, 112–13
plea bargain of, 510
“poison pill” tactic of, 166
at Predators’ Ball, 255
private investigator’s harassment of, 491–92
Rakoff hired by, 352
retainer arrangement designed by, 32–33
Ritch and, 189–91
Sato and, 34
SCA deal and, 185–86
second marriage of, 37
SEC penalties of, 355–56
SEC subpoena of, 352
sentencing of, 515–16
Socal deal and, 181–82
Storer deal and, 194–98, 405–6
suicidal impulses of, 351, 358
Tabor and, 361–62
as undercover agent, 360–63
Unocal deal and, 198, 395–96
Siegel, Robert, 30
Siegel, Scotty, 359
Silberstein, Ben, 42, 116
Simmonds Precision Products Inc., 141
Simmons, Harold, 260
Simon, Mel, 260
Simon, William, 97
Simon and Schuster, 230, 446, 448
Sinatra, Frank, 136, 439
Singer case, 423
“60 Minutes,” 530–31
Skadden, Arps, Slate, Meagher & Flom, 31, 80, 290
Slatkin, Muriel, 116, 331
Smith, Priscilla Ann, 346
Smith Barney, Harris Upham & Co., 72, 73, 76, 77, 79, 83, 86, 87, 88, 271, 274–75, 306
Snyder, Steven, 270–71
Sokolow, Ira, 75, 87, 89, 91, 141, 142, 144, 150, 152, 158, 304, 309–12
Solomon, David, 257–58, 341, 458–59, 489, 512, 520, 525
Solomon, Peter, 90, 140, 152, 156
Solomon Asset Management, 257
Sonnenthal, Peter, 279, 281, 286, 292, 297, 309, 315–16
Sorkin, Ira, 306–7
Sorte, John, 56, 482
Spear Leeds & Kellogg, 99, 104–6, 205, 206, 345, 424
“special projects” file, 124, 220
Spellman, Francis Cardinal, 99
Spencer, Bridget, 455
Spiegel, Thomas, 66, 130, 223, 257, 416, 454, 504
Springsteen, Bruce, 204–6, 209–10, 423, 429
Spurge, Lorraine, 341–42, 458, 481, 497, 499, 533
Spy, 230
Staley Continental, 245, 457
Standard Oil of California
(Socal), 168
standstill agreement, 122–23, 233
Stanton, Louis L., 397
Stein, Andrew, 101
Stein, Jule, 101
Steinberg, Saul, 54, 67, 181–82, 218, 260
Stelzel, Walter, 127
Stewart, Richard, 248
Stillman, Charles, 451
Stokes, Louis, 468
Stone, Roger, 135, 260
Stone Container Corporation, 135, 262, 414
Storer Communications, 194–98, 203, 208, 215, 216, 222, 257, 357, 384, 395, 405–6, 434, 464, 470
Strauss, Audrey, 353, 355, 358, 387, 390, 396, 496
Strauss, Robert, 256
Strawbridge, Stockton, 388
Sturc, John, 274, 286, 288, 307, 309, 325, 332, 346, 356, 371–72, 392, 438, 482, 508, 512
Sullivan & Cromwell, 191, 381, 382–83, 392, 393–94
Sun Chemical, 135
Sutton, Percy, 467, 468
Suzy (gossip columnist), 362
Sweeting, Andrew, 294
Swiss Bank Corporation, 263
Tabor, Timothy L., 193, 194, 203, 360, 379, 395, 397, 400, 408, 417, 429, 437, 491, 496
arbitrage operation of, 179–81, 190, 198–99, 202
arraignment of, 384, 389
arrest of, 379–80, 382, 387, 390, 392, 404
case dismissed against, 398–99
indictment of, 396
Siegel and, 361–62
takeover boom, 97–98
Tannenbaum, Gerald, 482
“tax parks,” 408
Tenneco, 184
Termine, Maria, 220, 326, 375
Testaverde, Peter, 238–39
Texaco, 165, 365, 439
Texas International, 57
Textron, 149–50, 157, 274
Thayer, Paul, 17, 273, 274
“third-market” trading, 184
Thompson, Mary Helen, 468
Thurnher, Charles, 220–22, 238, 241, 258, 319, 334, 336, 367, 368, 370, 378, 451–52
immunity granted to, 377
Maultasch phoned by, 334
Time, 344, 423, 46
Time-Life, 338
Tisch family, 429, 530
Top Gun (film), 294
Trans Resources, 498
Transway International, 199
Trepp, Warren, 56, 58, 60, 61–62, 63, 66, 67, 114, 133, 367, 368, 458, 459, 480–81, 523
Triangle Industries, 365
Tsai, Gerald, 120, 260
Turner, Ted, 215–16, 233, 260
Turner Broadcasting, 215
TWA, 229
20th Century-Fox, 135, 249, 364, 481
“20/20,” 525
Tyler Corporation, 86
UAL Corporation, 503
Ueberroth, Peter, 260
Union Carbide, 21, 222, 252
Union League Club, 193
United Air Lines, 503
United Artists, 238
United Jewish Appeal, 334
United Technologies, 107–8, 113, 140
Universal Studios, 213
Unocal, 21, 138, 197–99, 207, 209, 222, 244, 256, 357, 384, 385, 395–96, 422, 507
U.S.A. Today, 331
U.S. Attorney’s office, 288–89, 325, 351, 367, 403, 404, 433, 484, 512
Drexel’s negotiations with, 472–74
Drexel’s plea agreement with, 480–81
Milken indicted by, 486–88
Peizer granted immunity by, 459
Princeton-Newport raided by, 409–12
SEC’s dispute with, 357–58, 434, 436–38
U.S. Information Agency, 42
U.S. News & World Report, 229
USX, 413
Vagabond, 116–17, 118
venture arbitrage, 227
Vesco, Robert, 363
Viacom, 432, 461, 556n
Victor, Cogut & Sandler, 464
Vise, David, 227, 441
Wachtell, Herbert, 315, 316
Wachtell, Lipton, Rosen & Katz, 31, 80, 81, 83, 87, 91, 92, 142, 144–45, 147, 148, 254, 314–15, 316–17, 351, 353, 383
Wall Street:
“Jewish” vs. “WASP” firms on, 25–26
junk bond crash on, 503–5, 527
1987 crash on, 417–19
Wall Street Journal, The, 43, 71, 146, 214, 216, 226, 272, 301, 304, 307, 308, 344, 346, 347, 369, 397–98, 400, 416, 435, 442, 448, 467, 468, 474, 480, 485, 489, 491, 493, 504
Boesky-Milken payment in, 378
Freeman article in, 434
“Heard on the Street” column in, 179
parody of, 225
pro-Milken stance of, 417
Walt Disney Co., 181–83
Walters, Barbara, 520, 525
Wang, Leo, 274, 281, 286, 288, 292, 309, 358
Campbell interrogated by, 274
Levine interrogated by, 150–51
Wanniski, Jude, 533
Warburg Pincus & Co., 146–47
Ward, Robert, 389–90, 515–16
Warnaco, 245, 254
Warner Amex Cable, 439, 440
Warner Communications, 208–9, 439
Washington Post, The, 227, 256, 345, 415, 419, 441
Wasserstein, Bruce, 133, 159, 245, 247, 501
Wasserstein Perella & Co., 470
Waste Management, 185, 186
Waters, Steve, 142–44, 149–50, 152, 155
Weil, Gotshal & Manges, 413
Weinberg, John, 188, 385, 495
Weingarten, Reid, 451–52
Weinroth, Stephen, 116, 121, 124–26, 128, 129, 236, 237, 246, 414, 498
Wekili, Hushang, 41, 101, 169, 241, 263, 339, 526, 532
Welles, Chris, 442
“Wells Submission,” 433
West-Point Pepperell, 498, 504
Wickes Companies, 245, 262, 370
Wigton, Cynthia, 382
Wigton, Richard, 193, 194, 203, 204, 361, 379, 393, 395, 408, 417, 437, 491, 496
arbitrage operation of, 180–81, 190–91, 198–99, 202
arraignment of, 384, 389
arrest of, 381–82, 387, 390, 392, 404
case dismissed against, 398–99
GE suspension of, 397, 401
indictment of, 397
ovation for, 386
Wilkis, Alexandra, 303
Wilkis, Elsa, 78, 299–300
Wilkis, Robert, 83, 85, 86, 87, 88, 146, 152, 156–57, 160, 254, 285–86, 308, 316, 317, 357, 392
American-Jewel deal and, 145
background of, 68
career of, 69–70, 73–74
Cecola and, 148–49, 158, 301–3, 312–14
code used by, 79
Crédit Suisse and, 79, 93
guilty plea of, 314
Levine’s arrest and, 299–301
Levine’s naming of, 309–10
Levine’s relationship with, 68–81, 89–94, 158–59, 276–77, 301–2
Levine’s River Cafe meeting with, 139–41
Naftalis retained by, 301
plea offer to, 313
in prison, 529
SEC investigation of, 276–77
sentencing of, 314
Textron deal and, 149–50
Wilhams, Edward Bennett, 363–69, 378, 417, 439, 444, 448, 452, 453, 466, 479
Wilhams Act, 29, 31, 33
Williams & Connolly, 363–69, 440, 449, 452, 453–54, 457, 466, 469, 484, 485
Wilmer, Cutler & Pickering, 322, 327, 339
Wilson, Howard, 327, 379, 391, 398–99, 402
Winans, R. Foster, 179, 273, 290, 392
Winn-Dixie, 245, 530
Winnick, Gary, 55–56, 64, 66
Milken and, 57–58, 61, 224
Wirth, Timothy, 256
Wolfensohn, James, 260
Wood, Kimba, 488–89, 511, 517–18, 519, 520, 532, 559n
“Working for the American Dream,” 533
Wriston, Walter, 68
Wyatt, Oscar, 260
Wyman, Thomas, 233
Wynn, Stephen, 136, 213–14, 260
Yelts
in, Boris, 531
Ylvisaker, William, 167
Zadora, Pia, 45
Zarzecki, Charles, 411, 412, 450, 490
Zubillaga, Carlos, 269, 270–72
Zuckerman, Mortimer, 230
Simon & Schuster Paperbacks
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Copyright © 1991, 1992 by James B. Stewart
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in whole or in part in any form.
SIMON & SCHUSTER PAPERBACKS and colophon are registered trademarks of Simon & Schuster, Inc.
The Library of Congress has cataloged the hardcover edition as follows:
STEWART, JAMES B.
DEN OF THIEVES / JAMES B. STEWART
P. CM.
INCLUDES BIBLIOGRAPHICAL REFERENCES AND INDEX.
1. INSIDER TRADING IN SECURITIES—UNITED STATES. 2. INVESTMENT BANKING—UNITED STATES—CORRUPT PRACTICES. I. TITLE.
HG4910.S683 1991
364.1′68—DC20
91-28819
CIP
ISBN-13: 978-0-671-63802-3
ISBN-10: 0-671-63802-5
ISBN-13: 978-0-671-79227-5 (Pbk)
ISBN-10: 0-671-79227-x (Pbk)
ISBN-13: 978-1-4391-2620-2 (eBook)
Den of Thieves Page 69