The latest charges add to concern that the problem has grown pervasive during the corporate takeover boom of recent years.
Among the reasons is a change in Wall Street's thinking about the possibility that the Government would step in and shut down the takeover boom.
But many academics and some lower-level publishing managers complain that the takeover boom is already reducing the industry's quality.
Mr. Carter was one of the more colorful figures of the 1980's takeover boom.
That was, after all, the rationale of the 1980's takeover boom.
Stock market investors, of course, also benefit from the takeover boom.
Drexel has been the dominant player in the $200 billion market for junk bonds, which fueled the corporate takeover boom of the 1980's.
During the height of the 1980's takeover boom, estimates of total arb capital ranged from $10 billion to $20 billion.
After all, it was the Republicans' laissez-faire attitude of the last eight years that made the takeover boom possible.
And now, in the takeover boom, are portents that as economic fundamentals change, culture changes with them.
