Word: banker
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...hefty fee. "We didn't make as much progress as I wanted to," Romney says now. So the former management consultant did what he might have recommended to any CEO: he got a new team, showing Preston the door and giving the job to his policy director, former investment banker Tim Murphy. "The thing about Mitt," says Murphy, "is he wants to focus on the analysis...
Still, some will end up less scathed than others. The banker with the most impressive record of avoiding scathings is Dick Kovacevich, chairman of Wells Fargo. Wells not only had an O.K. quarter but also has the best long-run stock performance of the country's big-five banks. So what does Kovacevich, who took over as president of Wells predecessor Norwest in 1989 and just stepped down as CEO in June, think of the current troubles? "We make all the same mistakes," he says. "These past two years show it again: we never learn, we don't price...
...institution at home, in exchange for a coded invoice that was then redeemed at the group's headquarters in Jerusalem. Researchers believe the Templars kept any revenues generated by the estates, effectively accruing interest - a practice otherwise forbidden as usury by the Church at the time. The journal American Banker wrote in 1990 that "a good case can be made for crediting [the Templars] with the birth of deposit banking, of checking, and of modern credit practices." It certainly made them some of Europe's richest and most powerful financiers. The Templars have been described as taking crown jewels...
...also because it represents her conviction that Harvard students should be allowed to transcend what she calls the “A-Track.”"Obviously, because this is Harvard, there is an expectation that you become a doctor or a lawyer or a consultant or an investment banker. One of the motivations of starting “Freeze” was that I wanted students to understand that they’re not the only professions out there, and that it’s okay to do what you want to do. There are people that want...
...million, a bargain price made possible by increases in computing power and the small (18 ft., or about 5 1?2 m) size of each dish, which makes them easy to mass-produce. But $25 million is still hard to come by when you have to tell your banker that you're using it to hunt for aliens, which is why it's nice to be a man who doesn't need a banker...