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...Japanese bond contract that he traded. Those were staggeringly large positions. But those to whom he reported, who made more money and had more responsibility at the bank - his "superiors," in other words - had nary a clue, because young Nick had for a time devised a way to hide his trades from them. More than $1 billion in the hole, and with no hope of digging his way out, he skipped off to a Malaysia beach resort with his wife to sip umbrella drinks for a few days before their world caved in. A week later Britain's oldest merchant...

Author: /time Magazine | Title: Masters of Mayhem | 1/31/2008 | See Source »

Maybe so, but the basics of grand, bone-jarring deceit cut across cultures - and decades. Like young Nick, Kerviel also devised a way to hide his trades from asleep-at-the-switch "superiors." And like Leeson, he disappeared for a few days, apparently holed up in a Paris apartment, just before the roof fell in. The comparisons are more than cursory. One of the lessons of Leeson (supposedly burned into the brain of trading desks everywhere) was to separate what banks call "the back office," where trades are processed and recorded, from the trading desks. Leeson had run the back...

Author: /time Magazine | Title: Masters of Mayhem | 1/31/2008 | See Source »

...them for free.” Harvard students’ hesitation to serve as walking billboards for their alma mater is understandable; at the very least, our brand may lead passersby to raise their eyebrows. I, for one, admit to spending much of my time back home attempting to hide my college’s identity. When my dad dropped the H-bomb at a doctor’s office, I refused to speak with him for the entire car ride home. Many students choose to avoid “Veritas apparel” because they see wearing it?...

Author: By Molly M. Strauss | Title: Crimson Couture | 1/31/2008 | See Source »

...best days, Amy Winehouse is a mess. The 24-year-old wears her hair in a beehive so large and teetering that it could hide the chorus of middle-aged black women that seems to materialize at the back of her throat whenever she sings. Having once thought herself overweight, Winehouse now keeps her body little-girl tiny and covered with enough tattoos to earn her cred at a medium-security prison. Onstage, she's known to favor poodle skirts. It's an aesthetic that takes some getting used...

Author: /time Magazine | Title: Trouble Woman | 1/24/2008 | See Source »

...wants his private life to be. During a Jan. 8 press conference, for example, Sarkozy high-handedly defended the habit of leaving his private life open to scrutiny by the press, proclaiming he and Bruni "have decided to own up to" their relationship because "we don't want to hide". But as press reports began swirling the following week alleging the couple had already secretly married in Paris, Sarkozy decided maybe he did have something to hide after all. As reports of the elopement proliferated, Sarkozy began refusing to confirm or deny the rumors...

Author: /time Magazine | Title: Sarkozy's 'Sarkotic' Tendencies | 1/18/2008 | See Source »

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