WALL STREET: Rich, Yes, but Never Arrogant

Rich, Yes, but Never Arrogant

Invite 140 former employees of Drexel Burnham Lambert to appear on TV and you get a gripe-athon, right? Actually, it was more like the I Love Drexel show. On Donahue last week, dozens of mostly out-of-work Drexelites praised their bankrupt former employer and blamed its fall on everyone but themselves.

Topping their hit list was Rudolph Giuliani, the former U.S. Attorney who ran unsuccessfully for mayor of New York City in 1989. "We are here because Rudy Giuliani decided to make it his project to gain votes . . . by going after Drexel," argued one ex-staffer. Treasury Secretary Nicholas Brady,...

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