Word: boardrooms
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Behind the sedate granite facades and oak-paneled boardroom doors of Wall Street, a bitter power struggle is under way that could well decide the fate of the $2.7 trillion U.S. banking industry. The battle pits behemoth against behemoth, commercial banks against investment-banking houses, prestigious names like Citicorp, Bankers Trust and BankAmerica against equally blue-chip concerns like First Boston, Salomon Brothers and Goldman, Sachs. But fundamentally, the struggle matches traditional U.S. bank-lending practices against computer-driven techniques that are drastically changing the way that more than $6 trillion worth of nongovernment credit is channeled through...
...Secret of My Success. The film resembles a financial fantasy from the mind of Alex P. Keaton, Fox's Family Ties character, with Brantley blasting up the corporate ladder in a relative nanosecond. With creativity as his only asset, Brantley parlays his way from the mailroom to the boardroom of his uncle's conglomerates...
Haig has no geographic or ideological base of support. The support he does have is mainly among boardroom Republicans. One unlikely backer is Comedian Mort Sahl, who appeared at a Haig fund raiser on the eve of the announcement and later quipped, "I'm the head of Radicals for Haig in Beverly Hills." If nothing else, a Haig campaign -- with its promise of exuberant intensity and occasional mangled jargon -- should make for good copy...
Only three months ago, Laurence Tisch, 63, was being toasted as a hero at the Manhattan headquarters of powerful CBS. The billionaire chairman of Loews had suddenly emerged, to resounding cheers, as the No. 2 network's acting chief executive officer, after a dramatic boardroom confrontation with Ousted Chairman Thomas Wyman, 57. Many CBS employees hoped that the changeover, which also brought back Network Founder William Paley, 85, as acting chairman, would mark the onset of a new golden age for the tradition-minded broadcasting giant and the end of months of upheaval and austerity. CBS, exulted 60 Minutes Correspondent...
Smith did, however, fire back a few potshots at his boardroom critic. Perot "wants nothing better than the best for GM," Smith said, adding that "he is a different type of guy than we are in GM. He is impatient. I think part of it is just his natural inclination. Part of it, of course, is (that he is) not very familiar in total with our business." As for charges that GM gives its executives excessive perks, Smith retorted that Perot's office at EDS in Dallas "makes mine look like shantytown. He has a Gilbert Stuart painting hanging...