Luis Álvarez Renta appointment as part of his retirement, in order to effect positive change for the country by helping it negotiate a Free Trade Agreement with the European Union. However, after Governor José Lois Malkún of the Central Bank of the Dominican Republic’s announcement that Álvarez Renta was involved in the Baninter debacle, Álvarez Renta resigned the post in order to avoid a dispute between President Mejia and his advisors. In response to the announcement, Álvarez Renta took out full-page advertisements in the press, in which he declared he was innocent of all the charges made by the Central Bank. He also
Carolyne Roehm before becoming an assistant designer. De la Renta became a mentor and father figure to her, even threatening her then-significant other, Henry Kravis, when he did not immediately propose to Roehm upon his divorce to his first wife. In 1985, after ten years working for Oscar de la Renta, Roehm became a fashion designer at the age of 34 when she launched her own fashion house. Roehm’s high-end clothing was designed for women with money, active lifestyles and calendars filled with social engagements and work outside the house. Although it received accolades, she shut down the line in 1991. While