Word: chief
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...That ultimately left the job of turning around the two troubled giants to Lockhart, who was formerly the chief operating officer of the Social Security Administration. He says he meets with senior executives of both companies once a week; his staff interacts with Fannie and Freddie every day. Lockhart believes that the government has done a better job of running Fannie and Freddie than the bottom lines of the two companies suggest. Most of the losses suffered by the mortgage giants, he notes, resulted from mortgages that Fannie and Freddie backed before they were taken over. Furthermore, part...
...whether the economy is in recession or not can miss a lot. "I don't care about what the dating committee says. I'm concerned about longer-term issues," says Yale economist Robert Shiller. "We are in for an extended period of subnormal economic growth." Mohamed El-Erian, chief executive officer of bond-investing giant Pimco, has popularized a catchier if less informative phrase for what we're in for: "the new normal...
...golf course in Farmingdale, N.Y. Back in 2002, the last time the Open was held at Bethpage, there were 78. The financial-services companies, knowing the government will pounce on an unnecessary golf junket, are staying away from the fairways. "That's a significant drop-off," says Peter Bevacqua, chief business officer for the USGA. "We have certainly been affected by the economic downturn...
...going to measure the topography with the level of detail civil engineers need when they're building a building," says Jim Garvin, one of the lead developers of the LRO and the chief scientist at NASA's Goddard Space Flight Center, which will run the mission...
Since he took over as chief executive of Italy's Fiat in 2004, the chain-smoking Canadian Italian has used Apple as a model, focusing on the way Steve Jobs transformed it from an also-ran computer company into a global icon of cool. He encourages Fiat managers to take a close look at Apple's branding prowess and even asks them to benchmark their activities against the company. His biggest success at Fiat is the 500 - a tiny, very cool 21st century version of a 52-year-old Italian icon once driven by movie stars such as Marcello Mastroianni...