Word: boss
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...mouth always had a malleability that suited her comic needs, but now - perhaps from aging, but more likely something less natural - it's pursed, tense and mean. Even as the kind people of New Ulm work their magic softening up Lucy, the mouth stays in character as the predefrosted boss...
...Lynn's defenders say it's wrong to paint all lobbyists as evil. He has "precisely the kinds of skills required," says William Cohen, who served as Lynn's boss when Cohen ran the Pentagon during President Clinton's second term. "The fact that he lobbied for a defense contractor should not lead anyone to conclude that he is now rendered incapable of exercising his duties with complete fidelity to Secretary Gates or President Obama...
John Thain's swift departure as head of Bank of America's (BofA) Merrill Lynch unit after a 15-minute dustup with his boss, CEO Ken Lewis, is a consequence of friction that occurs when conflicting business maxims come into contact. And the fact that Thain must really love...
...problem was that in doing so, Thain broke another cardinal rule: Don't surprise the boss - especially on the negative side. Lewis was reportedly apoplectic about the size of Merrill's losses in the fourth quarter. But here's a question: What were BofA's risk managers doing? When BofA did its due diligence, it certainly went over Merrill's trading book. If the losses were tied to positions that had already been taken, then shame on BofA. If Merrill's traders made bad bets in the fourth quarter, it's worth asking again, Where were BofA's risk...
Thain's third corporate sin was awfully dumb: Never, never have a better office than your boss. On Wall Street, kitting out your office with everything from a fireplace to Renaissance art is a sport in itself. My decorator is better than yours, hence I am smarter than you. I have more swag. Thain reportedly spent a million big ones buying chintz and fancy commodes. That number is probably an exaggeration, but if you've been in bankers' offices outside New York City, you know that they are seldom visited by interior decorators. Boring is beautiful in Main Street banking...