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...complex case hinges on the testimony of Faneuil. As an assistant at Merrill Lynch, he was covering for his boss Peter Bacanovic, Stewart's stockbroker, on the day the controversial shares were sold. Bacanovic, also a defendant at the trial, was on vacation in Florida when Faneuil called to say that ImClone CEO Sam Waksal intended to dump his shares--which seemed to suggest the share price was set to fall. Prosecutors say Bacanovic told Faneuil to alert Stewart. The defendants have repeatedly denied that this exchange took place, which could be construed as leading to insider trading...

Author: /time Magazine | Title: Why Is Martha Stewart Smiling? | 2/9/2004 | See Source »

...determined to exclude complexity from the rest of his findings. He gave Blair's government the benefit of every doubt, the BBC none at all. He concluded that the government had no "dishonorable, underhand or duplicitous" plot to get Kelly's name to reporters once he confessed to his bosses that he had met Gilligan but denied saying all the things Gilligan was apparently attributing to him. Blair chaired a meeting at which the naming strategy was discussed; Campbell's diaries show the adviser was desperate to out Kelly, and sure this would "f___ Gilligan." Hutton took uncontradicted evidence showing...

Author: /time Magazine | Title: The Escape Artist | 2/1/2004 | See Source »

...Northeast, with an overlap only in Texas--shareholders are counting on Dimon to boost their fortunes sooner rather than later. Dimon won't get the top job until J.P. Morgan Chase's current CEO, William Harrison, steps down in 2006--at the very same time that Dimon's old boss Weill will be exiting stage left from his role as Citi chairman, having already given the CEO job to his anointed successor, Charles Prince. But Dimon will not be waiting that long to shake things up in the newly combined entity, which keeps the J.P. Morgan Chase name, and will...

Author: /time Magazine | Title: Dimon's Jewel | 1/26/2004 | See Source »

After earning his M.B.A. at Harvard in 1982, Dimon rejoined Weill, as his personal assistant, at American Express. Three years later, when Weill left American Express after losing a power struggle, Dimon followed his boss into professional exile rather than stay in a safe job. As they scouted possible acquisition targets, the brash 29-year-old was already speaking his mind. Michael Holland, a New York City money manager and acquaintance of Weill's, recalls hearing Dimon bluntly telling Weill that a veteran Wall Street banking analyst didn't know what he was talking about. "He was like...

Author: /time Magazine | Title: Dimon's Jewel | 1/26/2004 | See Source »

...good-feminist wannabes, is to applaud this. Why should a doctor, no less, be reduced to an adjunct of her husband's ambition? But as we try to assess these men who want the most important job in the world, it's hard to avoid feeling that the big boss in Woman's World was on to something. We want to meet the missus...

Author: /time Magazine | Title: Why We Want To Meet The Missus | 1/26/2004 | See Source »

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