Word: clouts
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...most of them. Where's the pressure on corporate fat cats like Microsoft chairman Bill Gates, who recently became a member, as sources told TIME? Where's the heat on such topflight pros as Phil Mickelson, Davis Love III, David Duval? None of them individually have the clout of Woods, but a protest by all of them would bring Augusta to its knees--and would let Tiger stop trying to be the Magic Negro and go back to playing golf...
...fraudster." The Kurds dominate in the north and are often at odds with Chalabi. In the south, the Supreme Council for Islamic Revolution in Iraq, led by Ayatollah Mohammed Baqir al-Hakim and backed by Tehran (southern Iraq, like Iran, is mostly Shi'ite), has more clout...
Just a couple of years ago, Grubman's word was gold. His "buy" rating on a telecom stock would send investors rushing to own it. But when favorite Grubman stocks like Global Crossing, WorldCom and Winstar began to slide in 2000, so did Grubman's clout. He has come to embody everything that went wrong on Wall Street in the late '90s, as it blended investment advice with investment banking. That mix was long taboo, yet Grubman brazenly played both roles and once boasted that "what used to be a conflict is now a synergy...
Business associates and colleagues describe Grubman, who occupied an outsize corner office at Salomon's lower Manhattan headquarters, as generally quiet and focused, with few friends, though he would often hog the stage during conference calls. Says a former Salomon analyst: "We'd all just groan. Nobody had the clout to tell him to stop...
...dust clears from the Senate vote creating a Cabinet-level Homeland Security Department, Tom Ridge is poised to take on one of the most critical and politically risky jobs in Washington's history - and to head up the second largest federal agency after the Pentagon. Despite his new clout, the department will take months, if not years, to create - time that critics say the country just doesn't have. For his role at the center of this sweeping reorganization of the federal bureaucracy, the former Pennsylvania governor is our Person of the Week...