Word: catbird
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During his long career with Intel, the world's largest semiconductor company, Paul Otellini has had a catbird-seat view of the remarkable social and business changes wrought by the information technology revolution. Now Intel's CEO, he has also witnessed some of the tech industry's biggest setbacks, such as the implosion of the dotcom bubble in 2000 that plunged the U.S. into recession. In an recent interview with TIME senior editor Jim Erickson, Otellini discussed some of the differences between the dotcom bust and the current global financial crisis - and whether technology's Next Big Thing can help...
...what used to be called leveraged buyouts, or LBOs--from inside and out. "There are certainly cycles," Silverman said, when I talked to him a few days after Realogy went private. "And in the current iteration of the capital markets, clearly the private-equity guys are sitting in the catbird seat...
...issued mandate to look for trouble, accountants no longer have to take a company's word that its audit policies are legit. The accountants have the power to challenge corporate ledgers with impunity--and they're raking in money doing so. "Auditors and audit committees are now in the catbird seat," says Harvard Business School professor Jay Lorsch. Companies no longer feel free to dump their auditors, for fear of sparking a public spat; no one wants to spook jittery investors, provoke shareholder lawsuits or another regulatory crackdown. "There's more respect for the auditor," says Julie Lindy, editor...
...there. Now he lives--temporarily--in Charlotte, N.C., beefing up a large corporate flight department and earning 1 1/2 times his old salary. When time permits, he and his wife Karen go boating: Hilton Head in winter, Chesapeake Bay in summer. Says Casto: "I'm kind of in the catbird seat." There might be room...
...merlin has come to pose upon a post outside a kitchen window - dove-colored and innocent, until you look again and see it is no dove, but a merlin, that is, a pigeon-hawk. Yesterday, not far from the post, we found a catbird lying dead on its side, unmarked by struggle or wound. Perhaps it died of cardiac infarction or some other internal disaster, but I suspect the merlin...