SHOP TALK: Why Advisers Make the Big Bucks

"I think our Project Chariot was the clear winner over their Project Calpurnia," says J.T. Atkins, the PaineWebber Inc. vice president who helped manage Mr. Sosnoff's bid. Mr. Atkins felt Project Chariot, the internal code name designed to ensure confidentiality for the deal, symboliz...

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Bibliographic Details
Published inThe Wall Street journal. Eastern edition
Main Author By Roy J. Harris Jr., Eugene Carlson, Robert L. Rose and Hank Gilman
Format Newspaper Article
LanguageEnglish
Published New York, N.Y Dow Jones & Company Inc 23.06.1987
EditionEastern edition
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Summary:"I think our Project Chariot was the clear winner over their Project Calpurnia," says J.T. Atkins, the PaineWebber Inc. vice president who helped manage Mr. Sosnoff's bid. Mr. Atkins felt Project Chariot, the internal code name designed to ensure confidentiality for the deal, symbolized Mr. Sosnoff's vehicle to carry off Caesars. But Stanley B. Stein, first vice president of Caesars' advisory firm, Drexel Burnham Lambert Inc., kind of likes Calpurnia, the code name for Caesars' competing recapitalization plan. "I just thought of it off the top of my head," says Mr. Stein. Marvin B. Roffman, an analyst for Janney Montgomery Scott, preferred the recapitalization plan to Mr. Sosnoff's. But he gives Mr. Sosnoff's forces the edge on code naming. "Project Chariot, I love that. That's very very clever," he says.
ISSN:0099-9660