Word: banking
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...Look around you, all you see now are national chains and bank machines,” Solomon adds. “What happened to the stores you could shop...
...deliver the school’s graduation speech on June 4. Johnson-Sirleaf is a 1971 graduate of the school’s Mason Fellows Program, a mid-career masters in public administration. She has served as Liberian Finance Minister and held high-level positions at Citibank, the World Bank, and the United Nations Development Programme. Kennedy School Dean David T. Ellwood ’75, who extended the formal offer, said doing so was an easy decision. “[She] really does epitomize the best, in so many ways, of what we aspire to at the Kennedy School...
...campus recruiting for summer internships has come and nearly gone. Juniors, sophomores, and even some freshmen have made their way to the Faculty Club and the second floor of Bank of America, affectionately known as “The 1414,” for interviews. As usual, last year over 95 percent of companies recruiting at Harvard’s Office of Careers Services (OCS) were in finance or consulting—despite Harvard’s resistance to vocational courses (this is a liberal arts school, after all). But this policy has done little to curb the trend toward...
...suspect ensnared by the German taxman was Klaus Zumwinkel, the CEO of Deutsche Post WorldNet, the former German postal monopoly, which now owns DHL and has become a global logistics giant. He is suspected of evading taxes totaling some $1.47 million (1 million euros) by transferring funds to a bank in Liechtenstein. Police detained Zumwinkel for questioning last week and carted trunkloads of documents from his home and office. Under intense political pressure, Zumwinkel resigned from his job at Deutsche Post, which is still partially state-owned. Zumwinkel was released after questioning, and the investigation continues...
...Fearing that public trust in the economic system could erode more quickly, some business leaders are beginning to sound the alarm. In an interview in Monday's edition of the tabloid Bild, Josef Ackermann, the CEO of Deutsche Bank, joined the chorus of voices warning against a loss of public faith in the country's economic institutions. "All of us in business must now make a renewed effort to live up to the responsibilities of our leadership roles and win back lost confidence," he was quoted as saying...