Bergquist, Judith, 155
Bevill Bresler, 254–55
Biggs, Barton, 75
Black, Eli, 4
Blackburn, Robert, 53–55, 58
Boesky, Ivan, 98, 99, 105–6, 182, 210–20, 254, 257, 267, 268, 269, 272, 275–77, 280–89, 300–303, 310–26, 360, 362, 364, 375, 376–77
in Dr Pepper case, 207–10, 220–23
impact of Boesky’s fall, 329–43, 358
Boesky, Seema, 213–14, 315
Bohemian Grove, 21–22, 23
Brady, Nicholas F., 109–10
Breeden, Richard, 379–80
British Oxygen Corporation, 219
Broderick, Catherine, 229–31, 349–51, 359–60
Brown, David, 307
Bruns, John J., 233–34, 238
Buffett, Warren, 118–19, 126
Burke, James E., 38
Bush, Barbara, 354
Bush, George, 22, 23, 26, 185, 345, 354, 365–66, 379
Business Roundtable, 186, 188, 189
Butler, “Doctor Tom,” 155, 157
Caesars World Resorts, 33, 261–64, 271–73
Califano, Joseph, 78, 110
Campbell, Tom, 199
Carberry, Charles, 309–11, 313, 319–20, 322, 323
Carr, Fred, 96
Carter, Jimmy, 6, 7, 8, 28, 123, 164
Carter Hawley Hale, 203–4, 277
Casey, William, 13, 14
CBS, 37, 253, 293
Cecola, Randall, 307
Central Intelligence Agency (CIA), 2–3, 13, 16, 72
Centrust Savings, 271
Cheek, Dwayne, 132
Chevron Corporation, 181
Chicago options exchange case, 127–28
Christensen, Max, 234–35
Citicorp case, 1, 5–6, 59–72, 78, 79–80, 86–88, 105, 239
Cities Service Co., 153, 154, 155, 158, 159–60, 165–69
Clements, Bill, 154
Cohen, Manuel F., 16
Commodity Futures Trading Commission (CFTC), 39–41, 63, 109, 121, 123, 125, 357
Connally, John, 23
Conner, William, 53
Connolly, Joseph, 180, 202, 203
Cook, G. Bradford, 11
Coulson, Richard, 296, 299
Council of Institutional Investors, 286
Cox, Charles, 107–9, 116, 171, 173–74, 184, 186, 199, 202, 226, 244, 246, 247, 329
Credit Suisse, 53, 55, 56–58
Crown, Lester, 297
Cunningham, Mary, 102
Curnin, Thomas, 93, 96, 138
Dahl, Jim, 264, 266, 270–71, 326–27, 336, 363
D’Amato, Alfonse, 78
Davis, Polk and Wardwell, 208
DeMuth, Christopher, 199, 201
Deremer, Karl, 264
Dillon, Read, 109
Dingell, John, 73–76, 77, 78, 80–81, 82–88, 105, 109–10, 112, 114, 191, 205, 324, 329, 336–38, 347–48
Doherty, David, 1, 5–6, 16–20, 59, 62, 63, 64–69, 70, 72, 86, 87, 88
Donaldson, Sam, 335
Douce, William, 279–80, 285, 287
Douglas, William O., 10
Drexel Burnham Lambert, 33, 89, 90, 92, 96, 97, 98, 131–37, 140–41, 143–46, 179, 181, 182, 187, 211, 216, 241, 259, 260–69, 270–72, 280, 281, 283, 284, 285, 287–89, 296–97, 298, 305, 306, 312, 313–14, 326–27, 330, 333, 335–36, 337, 340–42, 355, 360, 361–64, 376, 380, 381. See also Milken, Michael
Shad’s chairmanship of, 366–372, 377–79, 380
Dr Pepper, 209–10, 220–23, 284, 300
Drucker, Peter F., 217
E. F. Hutton, 15, 22, 24, 25, 26, 32–33, 34, 35, 75, 77, 101, 109, 142, 144, 227, 242, 262, 270, 340, 355, 366, 367, 377
Eckart, Dennis, 337
Edwards, David, 65, 66
Edwards & Hanly, 218
Einhorn, Irving, 259–63, 264, 267, 271–73, 361
Eisenhower, Dwight, 260
Evans, John, 69–70, 71, 226
Executive Life Insurance, 288
Exxon Corporation, 157
Fedders, Charlotte, 111–13, 115, 250, 252
Fedders, John, 43–44, 85, 86–88, 90, 94, 99, 109, 115, 129, 138, 139, 141, 147, 203, 209, 218, 219, 223, 225, 226, 228, 232, 239, 243–46, 254, 255, 256, 257, 258, 271, 293, 295, 304, 306, 319, 330, 349
choice and appointment as SEC enforcement chief, 44–47
in Citicorp case, 60–63, 67–68, 69, 72
insider trading, focus on, 49–60, 52–58
marital problems of, 111–13, 115, 249–52
priorities of, 47–50
resignation of, 253
and Swiss-bank secrecy, 53–58, 106
Fielding, Fred, 251
Fienberg, Linda, 350
First Boston Corporation, 103, 297
Fischel, Dan, 302
Fisher, Robert, 233, 236, 238, 243, 247
Flans, Alan, 266
Flom, Joe, 114–15, 147
Fomon, Robert, 35
Ford, Gerald, 79
Ford Motor Company, 74, 310
Foreign Corrupt Practices Act, 25, 49
Forstmann, Ted, 220–23, 284
Forstmann Little & Company, 220–22
Fortune magazine, 49, 357
Frankfurter, Felix, 10
Freeman, Robert, 342, 344
Fried, Frank, Harris, Shriver & Jacobson, 316
Friedman, Josh, 265
Friedman, Milton, 122–24, 194, 195
Frymer, Bill, 265
futures trading revolution, 118–26
Gable, Clark, 92
Garn, Jake, 25, 200, 324
Geisinger, Ethel, 81, 83
General Electric, 269
General Foods, 270, 298, 310
Gerth, Jeff, 76–78, 79, 86
Gibraltar Savings Association, 288
Gibson Greeting Card Company, 146
Ginsburg, Douglas, 199, 201–2
Giuliani, Rudolph, 232, 342, 363, 369
Goelzer, Dan, 41, 226, 245, 350
Goldberg, Arthur, 148
Golden Nugget, 267–68
Goldin, Harrison J., 286–87
Goldman, Sachs & Co., 145, 214, 307, 342, 343
Goldsmith, James, 177
Graf, Larry, 155–57, 259, 160, 165, 168
Greene, Ed, 41, 44
Greenspoon, Ben, 350
Grundfest, Joseph, 199
Gulf Oil Corporation, 12, 159, 160, 178–83
Gut, Rainer, 56–58
Hackel, Lori Anne. See Milken, Lori.
Hammerman, Stephen, 238
Haraszthy, Jan, 236
Hart, Gary, 172–73
Harvard Business School, 26, 31–32, 38, 101, 102, 144, 230, 307, 344, 354, 378, 379
Heck, Robert, 167, 245, 248
Herrmann, Denny, 155–58, 160–61, 165–70, 239, 245, 248
Hewitt, Jack, 89–99, 106–7, 109, 131–41, 143, 212, 241, 261, 269, 271, 361
Hiler, Bruce, 257
Hoffman, Abbie, 273
Houston Natural Gas, 310
Huber, John, 180, 202
Iaccarino, Albert, 235
IBM, 157
Icahn, Carl, 281–89
IFB Managing Partners, 315
Iran-contra scandal, 338
Iran hostages, 7–8
Jackson, Andrew, 6
Jackson, Brooks, 250
Jackson, Michael, 199
James, E. Pendleton, 24
Jarrell, Gregg, 149–51, 175–76, 184, 186, 189, 338–39, 351
leaks and private campaign within SEC, 191–206
Jefferies, Boyd, 300–302
Johnson, Philip, 39–41, 63, 80, 109, 118, 125, 357
Johnson, Roy, 264
Johnson & Johnson, 38, 351
Joseph, Fred, 32–33, 35, 144–46, 179, 263, 312, 340–42, 355, 361–64, 366–69, 371, 378, 380
junk bonds, 143–46. See also Milken, Michael
Karmel, Roberta, 5
Kennedy, John F., 6, 11
Kennedy, Joseph P.,
10, 27
Ketchum, Rick, 226
Khomeini, Ayatollah, 338
Kidder, Peabody & Co., 104, 106, 251, 312, 342, 343
King, Henry, 208, 210
Knauf, Wayne, 154–59, 168
Kohlberg Kravis Roberts & Company, 182
Kopel, Jared, 131–33, 136–37, 139–40
Kuenzli, David, 155, 159, 160–65, 166, 168
Landis, James M., 10
Lapidus, Cary, 234, 236–37, 239, 242–43, 244–46
Lasker, Morris, 343
Lawyer, Bobby, 225–26, 228–29, 231–33, 236, 237–39, 242–48
Lazard Frères, 103, 104, 307
LeBaron, Dean, 148
Lehman Brothers, 103
Levin, Theodore, 208–9
Levine, Dennis, 296–300, 303–7, 308–13, 314, 315, 316, 317, 318, 326, 331, 334, 340, 341, 342, 349
Levine, Ted, 5, 15–16, 20, 47, 90, 131, 133, 136–37, 139–40, 203
Levitt, Arthur, 300
Levy, Gus, 214
Lewis, Salim B., 214
Liman, Arthur, 306
Limited, The, 203
Lindner, Carl, 90, 134, 137, 181
Lipton, Martin, 24, 147, 186, 189, 205, 217, 288, 298, 307
Lockheed Corporation, 4
Lombardi, Vince, 94
Long, Perrin, 368
Longstreth, Bevis, 69, 70–71, 72, 82, 86, 226–28
Loomis, Phil, 18, 69
LTV Corporation, 183
Lynch, Gary, 203–4, 209–10, 249, 252, 254–58, 271, 300–303, 310, 329, 330, 332, 333, 335, 337, 339, 362, 369–70, 371
in Boesky case, 312–13, 317–23, 325
in Levine case, 291–96, 304–6
Mann, Michael, 249, 252, 304, 306
Marinaccio, Charles, 226, 244, 246
Martin Marietta Corporation, 102–4, 105–7, 118, 146, 147
Matl, Victor, 233–39, 243–44, 245–48
May, Beville, 349–50
MCA Corporation, 267–68
MCI Communications, 145–46
McLucas, Bill, 249, 252, 257
Meese, Edwin, 338
Melamed, Leo, 121–24
Merrick, David, 218
Merrill Lynch, 23, 225, 233–48, 257, 294, 300–301, 337, 376
Mesa Petroleum Company, 154, 178
Metromedia, 182
Metzenbaum, Howard, 172, 175
Milken, Lori (Hackel), 92, 370
Milken, Lowell, 96, 98, 266, 341–42, 362–63, 370, 375
Milken, Michael, 89–99, 104, 106–7, 109, 130, 131–41, 143–46, 178–79, 181–82, 185, 187, 188, 211–12, 217, 223, 241, 254, 257, 259, 261–69, 271–72, 276, 278, 281, 283–89, 312, 313–15, 316, 320, 321, 323–24, 326–27, 330, 333, 336, 340–42, 360, 361–64, 367, 369–71, 377, 381
sentencing and aftermath, 373–76
Miller, Ernie, 350
Mitchell, Steven, 50, 52
Mobil Oil Corporation, 1, 5–6, 16–20, 36, 76, 172
Mondale, Walter, 172–73
Monocle, the, 38–39, 40, 80, 81, 109, 157
Morgan, J. P., 95
Morgan Stanley & Co., 75, 76–77, 145
Nabisco Brands, 298, 310
Nader, Ralph, 4, 41, 103, 241
New York Financial Writers Association, 186–88
New York Post, 132, 376
New York Times, 53, 76–78, 378, 379
Nixon, Richard, 11, 12, 13, 69, 79, 260
Northrop Corporation, 12
Northview Corporation, 315
Occidental Petroleum, 182
Owen, Richard, 305
Paine Webber, 220
Pearce, Ira, 2
Pearlstein, Norman, 252
Pecaro, Susan, 166–69, 239, 245
Pecora hearings, 94–95
Peizer, Terren, 264, 271
Perella, Joe, 103
Perelman, Ronald, 306
Peters, Aulana, 226, 244, 245, 246, 247, 305, 329, 334
Phelan, John, 300–301, 345, 346, 347
Philadelphia options exchange case, 127–28
Phillips Petroleum, 254, 272, 275–89
Pickens, Boone, 153–54, 158, 159, 172, 177–84, 185, 187, 188, 193, 221, 254, 275–76, 277–80, 282, 286, 287, 348
Pitt, Harvey, 291–96, 300, 303–5, 316–20, 322, 323
Pletscher, Bruno, 296, 299, 300, 303–4
Pollack, Irv, 243–44
Pollack, Milton, 54–55
Pownall, Thomas, 102–4
Pratt, John H., 359–60
Proxmire, William, 339
Quinn, Linda, 175–76, 226
Rauch, Michael, 295, 303
RCA Corporation, 146, 269–70, 273, 293
Reagan, Nancy, 8
Reagan, Ronald, 1, 2–3, 5, 13, 15, 18, 40, 45, 75, 80, 82, 108, 109, 110, 116, 123, 145, 153–54, 158, 159, 172–74, 176, 177, 185, 194, 195, 206, 210, 227, 253, 329, 338–39, 348, 354–374, 375, 376
arrival in Washington, 6–8
Shad and, 21–26, 110, 339
Rees, Sarah Johnson, 26, 29
Reeves, Robert, 235–36
Regan, Donald, 23, 24, 199, 200, 205–6, 324, 354
Reich, Ilan, 307, 311, 315
Reliance Group, 96–97, 135–36
Revlon Corporation, 306
Rich, Marc, 275, 321
Riegle, Donald, 347
Romano, Robert, 243–44, 294
Roosevelt, Franklin D., 27
Ruder, David, 356, 357, 371, 379
Ryan, Robert, 62, 68
St. Joe Minerals Corporation, 53, 54
St. Regis Corporation, 177
Salomon Brothers, 102, 104, 144–45
Sampson, Clarence, 193
Sampson, Gary, 50–52, 53, 56, 58
Santa Fe International, 50–53, 58
Savage, Phil, 107, 231
Scalise, Rose, 235
Scarff, Doug, 44, 126
Schneiderman, Irwin, 45, 46, 147, 365, 366
Schreyer, William, 300–301
SEC policy. See Shad, John; Sporkin, Stanley
Seemala Corporation, 98, 315
Shad, John, 1, 3, 5, 14–16, 18–20, 49–50, 53, 73, 102, 104, 111–13, 124, 136, 137, 163, 170, 199–200, 210, 219, 249, 251, 252, 253, 254, 255, 257–58, 260, 262, 269, 270, 272, 273, 293, 296, 298, 299, 300–302, 303, 306, 317–18, 320, 321–22, 323, 324
and advisory committee on mergers, 147–51
and Aetna case, 113–15
as ambassador to Netherlands, 353–61, 364–69
on arbitrage and Boesky, 216–18
Boesky case, trouble from, 329–44
budget increase for SEC, seeking, 337–38
childhood and youth, 29–32
and Citicorp case, 59–72, 79–80, 86
on computer surveillance system, 128
confirmation as SEC chairman, 25–26
departure from SEC, 339–40, 347–49
Dingell committee, troubles with, 74–88, 105, 109–10, 336–38
Drexel chairmanship for, 366–72, 377–79, 380
ethical focus and contradictions of, 113–19, 120, 344, 351–52, 360–61, 371–72, 378–79
and Fedders apointment, 44–47
first days at SEC, 26–29, 38–41
free market view of, 106–9, 116–19, 125–30, 141–44, 145, 230
futures/options deal with Johnson of CFTC, 39–41, 63, 109, 118, 125, 157, 357
golden parachute policy, 177
greenmail policy, 177
on insider trading, 49–50, 53, 182–183, 219, 273,334–35
and Jarrell’s private campaign within SEC, 191–206
junk bonds, view of, 143–46
“Leveraging of America” speech, 184–89
reactions to, 191–92, 200–202, 204–6
and Merrill Lynch case, 239–42, 244–48
Reagan and, 21–26, 110, 339
resentments within SEC, 226, 228–31, 242
on sexual discrimination case (SEC), 230–31, 349–51, 359–60
on stock market crash, 344–47, 355–59
takeovers, policy toward, 106–9, 147–51, 171–77, 206, 277, 279
reassessment speech, 184–89
Wall Street career of, 32–35, 99–102, 366–72, 377–79, 380
wife’s stroke, 36–38
Shad, Leslie Anne, 34, 37, 230
Shad, Lillie Mae, 29, 30
Shad, Patricia Pratt, 32, 34, 35–38, 41, 70, 185, 355
death of, 364–65
Shad, Rees, 34
Shearson, Hamill & Company, 32
Shearson Lehman Brothers, 307
Sherman & Sterling, 65–66, 68
Shinkle, Jack, 66
Siegel, Martin, 102–3, 104, 105–6, 182, 210–11, 223, 281, 312, 313, 324, 333, 334–336, 340, 342, 375
Silberstein, Ben, 213–14
Simon, William, 146
Skadden, Arps, Slate, Meagher & Flom, 297
Smith Barney, 154–59, 160, 161, 165–70, 233, 239, 242, 245, 248, 257, 296
Sokolow, Ira, 307, 311, 315
Solomon, David, 268
Sommer, A. A., 186
Sorkin, Ira Lee, 228
Speakes, Larry, 172
Spencer, Lee, 19
Sporkin, Stanley, 16, 17, 18, 20, 44, 46, 47, 61, 66, 69, 72, 86, 87, 94, 239, 243, 245, 256, 347, 379, 380
activist nature of, 3–5, 11, 12–13, 27–28, 41
departure from SEC, 1–6, 13–16
disclosure theories of, 12–13
Spurge, Lorraine, 264
Stahl, Leslie, 253
Steinberg, Saul, 96, 135, 182
Stigler, George J., 194, 195
Stillwell, Robert, 159
Stockman, David, 26
Sturc, John, 296, 305, 306, 319, 325
Sullivan & Cromwell, 176
Superior Oil, 172
Swiss banks, 53–58, 106, 292, 294–97, 299–300, 303, 304–6, 316
Tashima, A. Wallace, 204
Tavoulareas, Peter, 17
Tavoulareas, William, 17, 18
Teamsters Union, 256
Tet Offensive, 91
Textron Incorporated, 297–98, 303, 307
Thayer, Paul, 183
Thomas, Barbara, 18–20, 63, 82, 226
Tisch, Laurence A., 24, 37
Tobey, Bill, 265
Tome, Giuseppe, 58
Treadway, James, 171, 173, 174, 344, 246
Trepp, Warren, 264
Trujillo, Louis, 233, 237–38, 243, 244, 247
Twentieth Century Fox, 218
Union Carbide, 270, 310
United Brands, 4
United Jewish Appeal, 213
United Technologies Corporation, 103, 219
Vietnam War, 91–92, 129, 199
Volcker, Paul, 125, 205, 324, 347, 354
von Stein, Thomas, 62, 72, 86
Wachtell, Lipton, Rosen & Katz, 307
Wall Street Journal, 79, 93, 154, 157, 165, 193–94, 222, 249–52, 375
Walt Disney Company, 182
Wang, Leo, 303
Warner Communications, 270
Washington Post, 18, 76
Wasserstein, Bruce, 103, 104, 147
Eagle on the Street Page 43