Word: headful
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Dates: during 2000-2009
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During three decades as the head of financial-services consulting firm Greenwich Associates, Charley Ellis had a front-row view of Goldman Sachs' rise from also-ran to king of Wall Street. He then spent a decade working on a history of the firm, published last year as The Partnership: The Making of Goldman Sachs. So what is Ellis' explanation for Goldman's spectacular rebound - it turned a $5.2 billion profit in the first half of the year - from the financial crisis...
...immediately set out to rein in the oligarchs, offering them a straightforward deal: Keep your money, but stay out of politics. Khodorkovsky, now confined in a prison five time zones east of Moscow, is testament to what happens to oligarchs who don't play by the rules. The former head of Yukos was on the verge of forming a partnership with Exxon-Mobil, and had called for a more open and democratic nation - both big no-nos in Putin's Russia - before he was arrested...
...reformist zeal. More than ever, he says, Russia needs an independent judiciary and legislature, a free press, real elections, real political parties. The oligarchs, he says, understand that the system cannot survive forever. They are scared and looking for handouts. (At the top of the list is Oleg Deripaska, head of investment firm Basic Element, which has interests in the aluminum, energy and financial-services sectors among others, and recently received a $4.5-billion infusion from the state.) "Once they found themselves in trouble they started this sort of SOS signal, calling on Putin's door, 'Give us the money...
...Lankan president Mahinda Rajapaksa sits at the head of a long banquet table, presiding over what looks like a hotel's lunch buffet. The mood is informal as Cabinet ministers, their clerks and assorted relatives and friends line up patiently to eat in the main dining room of Rajapaksa's official compound. Outside, on the streets of Colombo, he is the all-conquering hero. In May, Rajapaksa's government ended Sri Lanka's 26-year-long civil war against the separatist Liberation Tigers of Tamil Eelam (LTTE), and the capital's broad avenues are dominated by enormous banners glorifying...
...Chapter 11 focused on just four brands: Chevrolet, Cadillac, Buick and GMC. The Federal Government, which has committed $50 billion to the company, took a majority stake and installed a new chairman. The restructurings of GM and Chrysler were considered coups for President Obama's auto task force, whose head, Steven Rattner, said he will step down...