Word: bankers
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...Foreign business people expressed surprise at the abrupt termination of their favorite Chinese banker. But Wang's high-profile dismissal is a signal China is getting tougher on the nation's lending institutions, which are plagued by corruption and outmoded, communist-era practices. China's banks have spent years?and lost billions?dishing out money to obsolete state-owned enterprises and deadbeat companies, many of which are owned by bankers' and officials' friends and relatives. About one out of every four Chinese bank loans are not paid back, according to official figures generally thought to be rosier than reality. Making...
Wang Xuebing never wears polyester suits with white socks. He claims to prefer fine French restaurants to karaoke and hostesses, vintage Bordeaux to rice wine. One of China's most prominent bankers, Wang speaks fluent English garnished with appropriate jokes and has a confident, firm handshake?enough to put the most leery American businessmen at ease. "You wished there were more internationally savvy guys like him in China," says an American investment banker in Hong Kong. "He even has a good golf handicap...
...last year. The prevailing view is that O'Neill will fight loyally for whatever package the President sends to Capitol Hill--but then take the lead in the hunt for a final compromise. "Paul may not shape what goes up to the Hill," said Fred Malek, a Washington investment banker who has known O'Neill for 25 years. "But he will shape what comes back...
Browder has been one of the few foreigners to engage Russia's economic oligarchs in battle. In late 1997 he took on Vladimir Potanin, at the time Russia's top banker. Potanin had offered a closed bond issue for Sidanko, a major oil company that was one of his pet properties, to insiders of his own choosing. Browder cried foul and adroitly used the Western press to plead his case that the new shares arising from the bond issue would dilute minority shareholders' stakes. In the end, Russia's Federal Securities Commission canceled the issue...
Harvard, of course, aspires to make us all like Harry Bailey and Sam Wainwright--or even, God help us, like Mr. Potter, the wealthy, grasping banker of Bedford Falls. And no one here, no gov jock or pre-med or final club frequenter wants to be George Bailey. No one wants to suffer and sweat and barely scrape by, to give up youthful potential in favor of adult burdens, to sacrifice dreams on the altar of necessity. No one wants to be at the end of their rope on Christmas Eve, staring down into dark water and needing a little...