B.C.C.I. Bank of Credit &
Commerce International
TIME Magazine
From the Publisher
By ELIZABETH
VALK LONG
Mar. 29, 1993
MIDWAY THROUGH SAM GWYNNE'S VARIED CAREER --
French teacher, international banker, prizewinning correspondent -- he and his
wife Katie became temporary workers: royalties from Sam's 1986 book, Selling
Money, had run out, and they , needed some income while looking for permanent
employment. Gwynne worked briefly as a "production assistant" on a TV commercial
(his job: raking and reraking sand on a beach to smooth it out after strollers
had walked by) and as a secretary at Southern California Gas Co. Sam vividly
remembers the unnerving insecurity that helped inspire this week's stories on
temporary workers: "No health insurance, no pension plan, no protection against
arbitrary termination."
Where Sam worked next turned out to be TIME. He
joined the staff in 1988 as a correspondent in Los Angeles, became chief of the
Detroit bureau and national economics correspondent based in Washington. With
us, he found not only security but also renown: Gwynne and TIME correspondent
Jonathan Beaty won three major awards last year for their exposes of how the
Bank of Credit & Commerce International ran a one-stop
shopping center for criminals, corrupt leaders and official intelligence
agencies around the world. Random House will publish their jointly written book
on B.C.C.I., The Outlaw Bank: A Wild Ride into the Secret Heart of B.C.C.I.,
later this month.
Early this year, Sam came to New York City as a senior
editor. He is still getting used to a strange idea: as a correspondent he
divided the world into us and them, and "now, suddenly, I'm 'them.' " His new
post, he says, "requires a total attitude adjustment. One day you're a reporter
in the field, the next day you're dispatching reporters. Your perspective flips
180 degrees."
Following Sam's direction on this week's stories, his
collaborators discovered some things they shared, even beyond serious worries
about what the temp trend is doing to American industry. Says associate editor
Janice Castro, who wrote the main story: "The same qualities that made Sam a
good reporter serve him as an editor. He is energetically curious -- a
sleeves-rolled-up guy who loves to find out what people are thinking and why."
Dan Goodgame, who succeeded Sam as our national economics correspondent, has a
slightly different perspective: he calls Gwynne "the first Welshman I've met who
can't sing" but who also can't stop trying. Our advice to Sam: keep your day
job.
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