CORRESPONDENT LARRY GURwin knows it sounds old-fashioned, but he still thinks of journalism as a calling. "It gives you the chance to explain a part of the world to people--in my case, what makes financial institutions tick," says Gurwin, a new member of TIME's investigative unit. That dedication is amply displayed in this week's report by Gurwin and Washington correspondent Adam Zagorin on Investcorp, the high-flying and secretive Arab investment boutique that bought Tiffany and Saks Fifth Avenue and engineered the stunning turnaround of Gucci. "Although Gucci is a triumph, many deals have been duds--something few people realize," says Gurwin, who...
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