Word: goldmans
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Dates: during 2000-2009
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Mario Draghi's first task as Bank of Italy's new governor was accomplished the moment his name was announced - the respected No. 2 man at Goldman Sachs instantly restored credibility to Italy's besmirched financial system. After a six-month drama of piled-up ethical questions and judicial inquiries, longtime central banker Antonio Fazio finally stepped down last month. While several key private Italian bankers are being investigated in probes of two bank takeovers that Fazio green-lighted, Fazio denies any wrongdoing. (Last week, three more financial executives resigned, and the banker closest to Fazio, Gianpiero Fiorani, was interrogated...
...worked unsuccessfully as a journalist for The Tallahassee Democrat and The Herald Examiner of Los Angeles, graduated from Harvard Law School, worked at Goldman Sachs, started his own hedge fund, and then co-hosted the CNBC stock analysis show Kudlow & Cramer. His show now attracts 384,000 viewers five nights a week. It has turned CNBC’s 6 p.m. slot into one of its most highly-rated hours...
...Mikado,” and “HMS Pinafore”— sell out.“Families come back year after year, bringing their kids who then bring their kids,” HRG&SP president Melissa E. Goldman ’06, writes in an e-mail. “We have audience members who have seen every HRG&SP show since our inception in 1956.”“We would love to see more students and faculty members, coming to see the shows,” Goldman continues...
...hurricane season, when a gallon of gas cost more than $3 in some regions. Yet GM relied for years on its SUV sales for profits--and underinvested in cars--which seemed smart until the bottom fell out. Says Meyers: "They made a mistake to go with the big guys." Goldman Sachs cites GM's launch of models like the 2007 Chevy Suburban as a "key negative" in Wagoner's turnaround plan, with the market for large SUVs expected to slump 8% next year. GM promises that the new models will be 10% more fuel efficient, be laden with more luxurious...
What really scares Wall Street is the prospect of a Delphi strike. Goldman Sachs estimates that a Delphi work stoppage could shut down GM factories at a cost of $2 billion a month, causing GM to burn through its cash reserves at a deadly clip. "A strike could push them over the edge," says Steven Szakaly, an economist with the Center for Automotive Research. Unions representing Delphi workers have described the bankrupt company's latest offer--cutting wages from an average $27 an hour to $10.50 for production staff--as "insulting," and U.A.W. chief Ron Gettelfinger has described Delphi boss...