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Ralph D Denunzio

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BUSINESS
May 15, 1987 | DEBRA WHITEFIELD, Times Staff Writer
Ralph D. DeNunzio announced Thursday that he will resign as chief executive of the major investment firm Kidder, Peabody & Co. and that the second-ranking official will leave the company altogether in a shake-up that marks the latest casualty of Wall Street's insider trading scandal. DeNunzio, who will stay on as chairman to oversee the management transition, will be replaced as chief executive by Silas S.
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NEWS
June 5, 1987 | MICHAEL A. HILTZIK, Times Staff Writer
In the most expensive insider-trading settlement by a major securities firm in Wall Street history, Kidder, Peabody & Co. said Thursday that it will pay $25.3 million in fines and penalties to settle federal charges that it profited from illegal trading based on tips from a top stock trader at another securities firm. The second firm, which was not named by the government, is understood to be Goldman, Sachs & Co., which has denied any involvement in the trading scheme.
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