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Running a big-time Wall Street firm is not like running a carmaker. GE wonderboss Jack Welch cried uncle shortly after acquiring Kidder Peabody in 1986, and the Solomonic Warren Buffett couldn't run fast enough from his interim job as chief of Salomon Brothers in 1992. So you can see why stumbling CSFB grabbed Mack, whose own record for running a clean ship is pretty much unblemished. Mack was even rumored to be on the short list to succeed Arthur Levitt as head of the Securities and Exchange Commission. He's known for giving egocentric bankers--Quattrone while...
When the Internet bubble was in full swing, legends Peter Lynch (who can't work a PC) and Warren Buffett (who won't touch a PC stock) took a fair amount of grief for their technophobic ways. To their credit, they raised awareness of the risks building throughout the stock market--and in tech land in particular. Yet I thought they were wrong to warn individual investors consistently off tech stocks entirely, and I said so in a November 1999 column...
...Microsoft's William H. Gates III or Intel's Andrew S. Grove, not Walt Disney's Michael D. Eisner or Berkshire Hathaway's Warren E. Buffett, not even the late Coca-Cola chieftain Roberto C. Goizueta or the late Wal-Mart founder Sam Walton has created more shareholder value than Jack Welch," business writer John A. Byrne wrote...
...friends from all over the country and some from abroad. I learned about John Coltrane, the Allman Brothers and Jimmy Buffett from them. We even met Buffet at a concert in Boston once and hung out in his dressing room between shows...
...friends from all over the country and some from abroad. I learned about John Coltrane, the Allman Brothers and Jimmy Buffett from them. We even met Buffet at a concert in Boston once and hung out in his dressing room between shows...