Word: bankers
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...People working in the stock market are always looking for indicators of one sort or another—whether it’s skirt lengths or the Super Bowl,” said Soifer, who spent decades on Wall Street as an investment banker and research analyst...
Doug Gale, a 30-year-old Dallas banker, returned from a vacation to Tokyo and Hong Kong in 2001 raving as much about TV sets as about ancient temples, towering skyscrapers and exotic food. A self-proclaimed tech geek, Gale scouted out electronics shops and was mesmerized by flat-screen TVs. Their monstrous sizes, sleek designs and flashy displays were perfect, he thought, for watching his favorite Dallas Stars charge down the ice. "I'd never seen anything like them," he says of the TVs. "They were just phenomenal. As soon as I got back to Dallas I was thinking...
...canny and successful Wall Street investment banker while still in his 20s, a yuppie before his time. But in 1937, at the age of 30, Paul Nitze experienced a Saul-on-the-road-to-Damascus conversion. He took a leave from the firm of Dillon, Read & Co. to tour his family's ancestral homeland, Germany. Deeply disturbed by what he saw of Adolf Hitler's rule, he returned home?but not to the world of high finance and private wealth. Instead, he went back to his alma mater, Harvard, to study history, sociology and philosophy: 'There were big issues...
...heeded those doubts. But back in March 2003, he says, he knew the company had some financial problems but had no idea how bad things were about to get. Parmalat was trying to style itself as the "Coca-Cola of milk," and Ferraris, 46, a former Milan-based corporate banker for Citigroup, had spent six years building its operations in Canada and Australia. But in late February the company stock had nosedived when the firm's irascible CFO, Fausto Tonna, announced an unexpected new bond issue - a fresh increase in corporate debt - that came on the heels of several other...
...find a Treasury boss who has won the respect of Wall Street and the Bush inner circle. JOHN SNOW is expected to remain in place, at least for a while, but it's almost certain that the search will go on. A possible replacement: WILLIAM DONALDSON, the former investment banker who, after a sluggish start as head of the Securities and Exchange Commission, is beginning to win praise for steering the agency into more aggressive scrutiny of slippery business practices. A Donaldson drawback: he has alienated some Republicans with his calls to increase government regulation of the financial industry...