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...follow our report and put it into practice, residents would have greater opportunity to get more sleep," says Dr. Michael M.E. Johns, chairman of the residency-optimization committee at the IOM and chancellor of Emory University. "[Residents] would also have increased supervision by experienced doctors...
Bank of America said in early May that it, too, was looking for new directors. Regulators are reportedly pushing the bank to add more outside directors with financial-industry experience. Shareholders recently voted to strip BofA CEO Ken Lewis of his position as chairman of the board. The new chairman, Walter Massey, is heading up the committee that will revamp the bank's board...
Richard Breeden, a restructuring expert who led the turnaround of WorldCom, is also probably on a number of board-recruitment wish lists. In addition to his Wall Street experience, Breeden knows Washington. From 1989 to 1993, he was chairman of the Securities and Exchange Commission. William Donaldson, another former chairman of the SEC, also has the Washington and Wall Street experience that would make him a good get in today's bank-board race. "The problem these boards have had is that the people who know the most are the insiders," says top financial-services recruiter Gary Goldstein...
...John Spratt, chairman of the House Budget Committee, says Pelosi's kitchen cabinet, of which he is a member, is too small. "She would benefit from greater diversity of opinion," he says, adding that her small circle of confidants leaves her isolated and vulnerable to missteps when unanticipated issues arise. In the wake of the AIG bonus scandal, for example, Pelosi and other leaders moved quickly to pass sweeping legislation to drastically tax executive compensation. Such a gesture might have done incredible damage to the market had cooler heads in the Administration and the Senate not prevailed...
...still out on whether retail investors, who have been sitting on cash for the past 18 months, will now make a beeline for the markets. "I'd prefer them to sit by the sidelines for a while as the rally has been so fast and furious," says Shankar Sharma, chairman of Mumbai-based First Global Securities. (Read about the five challenges facing India's election victors...