Word: banker
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...biggest skeptic was Lotus chairman Jim Manzi, 43, who had spurned an IBM merger offer in January and learned of the takeover attempt in a phone call from Gerstner at 8:25 a.m. last Monday, five minutes before IBM went public. Manzi swiftly hired investment banker Lazard Freres to plot defense tactics and search for a white knight, such as AT&T or Hewlett-Packard, that would rescue Lotus. No savior had appeared by week's end, however, and Manzi seemed resigned to coming to terms with IBM if it would sweeten its offer. Wall Street watchers expected...
According to graduating seniors, recruiters mayregard students who balance numerousextracurriculars as capable of coping with aninvestment banker's hectic schedule...
...money for the firm, you get to keep a huge chunk of the profits yourself, but if you lose money for the firm, the firm covers the losses. For instance, Salomon Brothers lost $399 million last year, the banking version of finishing in the cellar, yet not a single banker or trader offered to help Salomon by reaching into his or her own pocket, which had been stuffed with bonuses in the past...
...success depends on sheer exuberance and tenacity, he has a better than even chance. The son of a schoolteacher-turned-banker from the southwestern region of Correze, Chirac ran away from home at 17 and spent several months in the merchant marine. When he was 20, he studied at Harvard summer school, washed dishes at a Howard Johnson's in Boston, and became engaged (briefly) to a girl from South Carolina who had a white Cadillac convertible and called him "honey chile." He retains a strong affection for America and is in fact an American junk-food addict. "When...
...have been the worst year in 20 years" for women's clothes. Part of the reason has to do with merchandising rather than fashion. There are too many stores selling the same merchandise, too much of too little. "Consumers are having trouble differentiating," says Peter J. Solomon, an investment banker who works closely with retailers and apparel designers. "What's the difference between a Limited and a Gap and a Saks Fifth Avenue...