The company said it would close down its retail mortgage business, lay off half its employees and no longer accept large deposits.
Madoff pretended that his investment-advisory business was merely a lucrative sideline for select friends, while his real business lay in a market-making operation that matched buyers and sellers.
The original roots of the "corporate identity" business lay in design-led American companies which, from the 30s to the 50s, rationalised the look of great corporations through the application of massive design programmes.
Perhaps the flavour of the business lay in the crawling pace of the counting, so that it was not until the next morning that it became clear who was to govern us.
Whether or not, as some have suggested, American fashion came of age at that moment, it was clear that the future of the business lay not in the cloistered sanctums of some rarefied Gallic dressmakers but in an increasingly expansive sense of what fashion meant.
The India Strategy The mantle of bootstrapping the Indian business lay with Kymal.
