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Victor Posner

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BUSINESS
June 8, 1993 | From Bloomberg Business News
Financier Victor Posner and his son Steven should be barred from ever again serving as officers or directors of a public company because of their pattern of self-enrichment, the Securities and Exchange Commission has urged in a court filing. The SEC's brief lays the groundwork for a civil trial of the Posners, scheduled to begin June 17. It is the final part of the agency's 5-year-old insider trading case against Michael Milken and his employer, Drexel Burnham Lambert Inc.
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CALIFORNIA | LOCAL
February 12, 2002 | From Associated Press
MIAMI -- Former corporate raider Victor Posner, who once owned Arby's, Royal Crown Cola and Sharon Steel, died Monday of pneumonia at the Miami Heart Institute. He was 83. Posner, a Miami Beach financier and industrialist, was a fearsome corporate takeover artist in the 1960s, '70s and '80s whose empire was once valued at $4 billion. He was named the nation's top-paid chief executive by Business Week in 1985.
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BUSINESS
July 25, 1994 | From Times Staff and Wire Reports
Financier's Daughter Sues: Tracy Posner Ward, daughter of Miami Beach financier Victor Posner, has sued her brother and a New York lawyer, alleging that they let a $2-million trust in her name dwindle to $100,000, the Miami Herald reported. The lawsuit says she learned of the trust only last year, 31 years after it was established for her benefit.
BUSINESS
August 7, 1994
Allan Sloan's "Corporate Carnivore Bites the Hand That Defends Him" (July 24) put my dog in a real snit. He resents being used as a metaphor for Victor Posner. He's sensitive that way, just like Falla--remember Falla? He was sensitive too. Ralph, my dog, is upset by other financial news in your newspaper. He knows darned well when Alan Greenspan raises interest rates, he'll get the cheap dog biscuits, because the bond market's been trashed. Apparently his dog friends are no better off. They must have told him that they get bargain-brand dog food because of our poor trade policy, the job-poor recovery, the downsizing.
BUSINESS
July 25, 1994 | From Times Staff and Wire Reports
Financier's Daughter Sues: Tracy Posner Ward, daughter of Miami Beach financier Victor Posner, has sued her brother and a New York lawyer, alleging that they let a $2-million trust in her name dwindle to $100,000, the Miami Herald reported. The lawsuit says she learned of the trust only last year, 31 years after it was established for her benefit.
BUSINESS
August 8, 1993
Allan Sloan's story on Michael Milken, Ivan F. Boesky and Victor Posner ("How Milken, Boesky and Posner Gutted a Once-Productive Company," July 4) shows how easily we fall into the pit of reinforcing inhumane and criminal behavior in the name of humanity. In this apparently objective and concerned article, Sloan mentions his previous friendliness with Milken and comments, "I still wish (him) well." Well, Sloan seems perfectly (and appropriately) willing to judge Milken's most recent slimy courtroom behavior, but, by innocuously wishing him "well," ignores his resolute willingness to avoid responsibility (except under duress, of course)
BUSINESS
June 29, 1993 | From Associated Press
Michael Milken returned to federal court Monday and helped two former clients, Victor and Steven Posner, by testifying that he did not inform them of an illegal arrangement with stock speculator Ivan F. Boesky. Milken, 46, who completed a prison sentence earlier this year, spent nearly 2 1/2 hours on the witness stand in U.S. District Court in Manhattan, recalling his role in the 1984 takeover attempt of Fischbach Corp.
BUSINESS
June 26, 1993 | From Times Staff and Wire Reports
Michael Milken to Testify: The once-powerful junk bond dealer is scheduled to testify for the defense Monday in the federal securities law trial of Victor and Steven Posner, the Securities and Exchange Commission and a court clerk said. The SEC sued Victor and son Steven, charging them with violating securities laws by participating in two corporate takeover schemes with Milken and investor Ivan Boesky.
BUSINESS
June 8, 1993 | From Bloomberg Business News
Financier Victor Posner and his son Steven should be barred from ever again serving as officers or directors of a public company because of their pattern of self-enrichment, the Securities and Exchange Commission has urged in a court filing. The SEC's brief lays the groundwork for a civil trial of the Posners, scheduled to begin June 17. It is the final part of the agency's 5-year-old insider trading case against Michael Milken and his employer, Drexel Burnham Lambert Inc.
BUSINESS
February 17, 1992 | From Associated Press
A federal judge in Cleveland has suspended financier Victor Posner from control of his holdings, which include Arby's and Royal Crown Cola, while auditors determine whether the company was plundered. U.S. District Judge Thomas Lambros, in a harshly worded order Friday, said the intervention was needed to keep the Miami Beach financier from draining assets from DWG Corp. Posner's son, Steven, DWG's vice chairman, was also suspended. Donald Glazer, an attorney for Posner and DWG Corp.
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