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Jan 31, 1997

Amazing Grace

The stream of scandals at W R Grace has had a damning effect on the company's stock price

Intrigue and scandal may sell novels and newspapers, but they don't sell stock. No one should understand that better than the embattled IR officer at WR Grace. For years now, Grace has been rocked by one scandal after another, from nasty battles among its top officers to a recent swarm of subpoenas from the federal government and a series of scathing front-page articles in The New York Times. Naturally, the stock has taken a beating. Between May 5, 1995, the day after one of Grace's warring

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