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...eastern Japan has been synonymous with Japanese manufacturing prowess for decades. The residents were so proud of Toyota that in 1959 they changed the city's then name, Koromo, to match its most important citizen. But the town's fortunes rise and fall with Toyota's. The firm's sprawling factory complexes lie only a short distance from the town center, and, as in any company town, the paychecks of Toyota employees are the main source of support for its restaurants and shops. According to city statistics, 77,000 people in the town work in auto-related industries. The entire...
Perhaps the feeling of family that used to be felt at the firm formerly nicknamed "Mother Merrill" is the strongest at Deutsche Bank. The German financial-services firm has hired more than a dozen Merrill Lynch bankers, including brothers David, Eric and Seth Heaton. Eric Heaton used to be the treasurer of Merrill Lynch. Many of the other bankers that Deutsche hired were in Merrill's financial-institutions group, which provided underwriting and mergers-and-acquisition advice to other banks and asset-management and insurance firms...
Ironically, despite their being at a firm that needed a lifeline at the height of the financial crisis, many former Merrill Lynch executives have ended up in what most of us would consider to be lucrative jobs. Last June, top Merrill Lynch investment banker George Young was hired by Lazard to be a vice chairman of its U.S. investment bank. Lazard paid its employees an average of $505,000 in 2009, slightly more than Goldman Sachs. Young, most likely, got considerably more. Thain, for his new job, will be getting an annual salary of $6 million, of which...
...Farnsworth, a partner at a high-profile Manhattan law firm, is afflicted with sudden bouts of uncontrollable walking. Despite the strong deterrent of an East Coast winter and the responsibilities he may have to his family and job, Tim walks for hours—unsure of his destination, unable to stop, and unconcerned with his bodily pains. Eventually these hours become years. Despite countless visits to doctors and more dubious specialists, the cause of the walking remains unknown and the disease unnamed, thus the novel’s title...
...spheres was strikingly similar to the way the constellation Ursa Major - which includes the Big Dipper - related to the position of Polaris, the North Star. "But as a paleontologist, I live my life looking down at the ground," says Saint Onge, who runs an archaeological-consulting firm out of nearby Arroyo Grande. "I didn't know much about astronomy at all." (See who were the first Americans...