Word: banker
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...teach me how to parallel park, but I had a great deal of trouble with the backing up part. Jay told me that I was too stiff, that I was taking this driving thing too seriously. “What are you—some kind of investment banker?” he asked...
...What It Means to the U.S. Beware contagion. Argentina will not be able to service its debt much longer. "A technical default is all but inevitable," says a banker. But the danger to the U.S. is not so much Argentina as the spillover. Brazil and Mexico are the critical economies south of the U.S. border, and Mexico's is in a recession. U.S. bank exposure to Argentina as of March was about $12 billion; now add Brazil's $24 billion and Mexico's $18 billion. During the past decade, thousands of U.S. firms have invested heavily in Latin America, buying...
Mack attracts attention because both his new and old firms were doing much of the underwriting. At CSFB, star tech banker Frank Quattrone brought in the mother lode: CSFB took public 142 tech companies in 1998-2000. In the same period, while Mack was the top hands-on manager at Morgan Stanley, his firm underwrote 68 tech-stock ipos, according to Thomson Financial. The firms ranked 1 and 3, with Goldman Sachs notched in between...
...Huggies hired the Discovery Group last year, Gilding and her crew spent 12 to 15 hours daily with first-time and experienced mothers. They found evidence that Huggies needed to change its ad pitch, which had long portrayed a "happy baby" headed toward a fabulous career--a diaper-clad banker, for example. "But in the late '90s there was a shift," says Gilding. "A happy baby was one that was learning about himself rather than a proposition for the future. Mothers were less interested in a 'mini-me.'" Gilding's film showed mothers enthralled as Baby discovered her toes...
...palace, put them in a conference room, and told them not to come out until they had a plan for fixing the shuddering economy. The best and brightest dutifully took their places around the mahogany table and Premier Chang Chun-hsiung opened the floor to ideas. One came from banker-tycoon Jeffrey Koo, who said the meeting was a big waste of time because there were too many politicians present. Morris Chang, celebrity chairman of Taiwan Semiconductor Manufacturing Corp., said he didn't think 34 people could agree on anything. A couple of ministers noted that drastic measures were probably...