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...choose Vail instead of a corporate showdown. Years ago, N.J. Nicholas Jr., then the co-CEO of Time Warner (TIME's parent company), was vacationing in Vail when he was summoned by the board. Nick was about to become the ex-co-CEO, having lost a power struggle to Gerald Levin, the man who would later sell the company to AOL. (That worked well, didn't it?) Nicholas declined. He knew the game was over. He got on the lift instead. (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: The Deeper Truth About Thain's Ouster from BofA | 1/25/2009 | See Source »

...White House chiefs of staff met for breakfast a month after the election to give the incoming guy some advice, the old-timer among them had some special, reassuring words for Rahm Emanuel. Former Bush Defense Secretary Donald Rumsfeld, who had been a White House chief of staff under Gerald Ford, noted that Emanuel has a leg up on some of his predecessors. Unlike many chiefs of staff, Emanuel comes to the job with the experience of having been a power player on both ends of Pennsylvania Avenue. "You've been here before, so you know the place," Rumsfeld told...

Author: /time Magazine | Title: An Enforcer Named Emanuel | 1/21/2009 | See Source »

What are your favorite songs that you've written or recorded? Gerald Horning BAY VILLAGE, OHIO...

Author: /time Magazine | Title: 10 Questions for Smokey Robinson | 1/21/2009 | See Source »

...Bush has said he's going to work on his library, write a memoir, and earn some bank on that mythical "speaking circuit" that has proved so remunerative for Presidents past. His immediate predecessors include two astoundingly productive ex-presidents (Jimmy Carter and Bill Clinton), some lackadaisical ones (Gerald Ford, George H.W. Bush), a disgraced lion in winter (Richard Nixon) and a man who, in hindsight, was likely in the emerging stages of a devastating sickness (Ronald Reagan). But America has had many presidents over the centuries (43, last time we counted) who generally fall into several, non-exclusive categories...

Author: /time Magazine | Title: Presidential Second Acts | 1/20/2009 | See Source »

...Then it came time for Dick Cheney, who like Rumsfeld had served more than three decades ago as Gerald Ford's chief of staff, to offer his thoughts. Sitting at the end of the table, the 67-year-old Wyoming native looked at the august group and said in his usually dry style, "Above all else, control your Vice President." (See America's worst Vice Presidents...

Author: /time Magazine | Title: As Dick Cheney Prepares to Depart, His Mystery Lingers | 1/19/2009 | See Source »

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