Word: bankers
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...Deutsche Bank's particular dilemma is that the CEO stands alone," says Ulrich Hocker of the German Shareholder Protection Association, which advocates tougher corporate governance. Whatever the outcome, the case is a blow to Ackermann and can only make his plan for change harder to implement. A sympathetic Frankfurt banker said: "Imagine how distracting it must be to try to talk about serious things like new capital requirements when you know that everyone listening is just wondering whether you're going to resign." Deutsche Bank must also convince investors that it can function effectively and implement the next phase...
...dentist (yes, a dentist) in March 1999. Upon his return home, acquaintances ventured they'd like a shot at the sweet science. So in July 2000, he organized Capital Punishment, which pitted Londoners (among them a company director and a lawyer) against New Yorkers (a judge, a Wall Street banker). A crowd of 4,000 - friends, colleagues and lots of boxing aficionados perversely curious to see well-off white men go at it - turned up. The Real Fight Club was born. In the beginning, Lacey says he got maybe one new member per month. Now he claims...
...election is so hard to predict that it's no wonder some powerful players are hedging their bets. Broadcasting tycoon A. Jerrold Perenchio, who was Davis' largest individual campaign contributor, has joined Schwarzenegger's team of economic advisers, according to the Sacramento Bee. Investment banker Warren Hellman, who is contributing to the antirecall effort, also turned up among Schwarzenegger's advisers. "I'm dead set against a recall," says Hellman, "but if it happens, I want to be supporting someone I'm enthusiastic about." By Terry McCarthy, Sonja Steptoe and Karen Tumulty
After a run of acquisitions, Sing Wang's Tom.com looks more like a budding media empire than the fledgling Net start-up Wang joined in July 2000. The ex-Goldman Sachs banker has made the company a publishing, outdoor-advertising and sports-marketing moneymaker in the rough-and-tumble Chinese media industry. He staged a mini-coup in July when his company acquired controlling interest in CETV, AOL Time Warner's beleaguered foray into China's television market. Wang plans to make the channel profitable by using Tom.com's existing sales network to bring advertisers to CETV...
...postponed his kidney surgery to help Weill close a deal. He has always been on hand when Weill is taking a bow. But he is the man on whom Weill has relied consistently in the crunch. "I've seen Sandy turn to Chuck over and over again," says a banker who has worked with both men. And Prince's willingness to recognize the good work of others and even let them take credit endears him to many...