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...CSFB in 2001, and German Oswald Grübel, a three-decade Credit Suisse veteran. Even in placid times, a two-headed creature in the CEO's suite can be a problem. But Mack and Grübel were parachuted into a storm. They can blame prior management, and harsh markets. But some of Credit Suisse's rivals have fared much better. Last week UBS, Switzerland's largest bank, recorded an unexpectedly large third-quarter profit of €42 million, thanks to its strong private-banking business. So how will Credit Suisse match that? The logical place to start...

Author: /time Magazine | Title: How to Stop Sinking | 11/17/2002 | See Source »

...Using harsh punishments as a deterrent against underage drinking will probably not decrease student alcohol consumption—it hasn’t over the past eight years. But deterrents will undoubtably make students more afraid of getting caught...

Author: By Judd B. Kessler, | Title: Punishing Drinking Deters Safety | 11/5/2002 | See Source »

...tampering with evidence” and one was also charged with “serving alcohol to a minor,” according to The New York Times. Had these students not taken the initiative to call for help, however, the intoxicated student could have been in greater danger. Harsh punishments by local police and universities might scare students from making the call that the Ivy Club officers...

Author: By Judd B. Kessler, | Title: Punishing Drinking Deters Safety | 11/5/2002 | See Source »

...Massachusetts colleges want to take action to improve student safety, they should not use harsh punishments as a deterrent for alcohol consumption. Rather, the schools should work to destigmatize getting help and should make punishment less of a concern for students...

Author: By Judd B. Kessler, | Title: Punishing Drinking Deters Safety | 11/5/2002 | See Source »

Students should recognize that the safety of their friends and themselves is more important than potential disciplinary action, whatever it may be. Fortunately, Harvard will probably not adopt the policies laid out in the DPH plan. But other Massachusetts schools must realize that by threatening harsh punishments for alcohol abuses, they are endangering student safety...

Author: By Judd B. Kessler, | Title: Punishing Drinking Deters Safety | 11/5/2002 | See Source »

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