Word: john
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...John Thain's swift departure as head of Bank of America's (BofA) Merrill Lynch unit after a 15-minute dustup with his boss, CEO Ken Lewis, is a consequence of friction that occurs when conflicting business maxims come into contact. And the fact that Thain must really love...
...already been taken, then shame on BofA. If Merrill's traders made bad bets in the fourth quarter, it's worth asking again, Where were BofA's risk and compliance troops? Wouldn't you want to be all over these people, especially in Q4? Or maybe they all took John Thain at his word when, in October, he said, "We continue to reduce exposures and deleverage the balance sheet prior to closing the Bank of America deal." Those words were surely reassuring, but isn't the whole idea of financial risk management that you don't take anyone...
...funny what an appetite we have for this kind of hardcore law-porn. Sure, Michael Clayton did it better, but you still get a buzz off of John Grisham's new book The Associate. The late hours, the fluorescent lights, the vicious competition, the fancy perks, the brilliant minds drowning in gallons of coffee and endless reams of paper. God knows they're not having much fun. But we are. It's a Tom-and-Huck scenario: they paint the fence, while we watch and pretend to get tired. Grisham doesn't try to glamorize it - in fact he works...
...pictures of John Grisham...
...charge, most of Bush's new rules are on the books, and changing them will take time and effort from an already burdened White House. "The Obama Administration will be saddled with reversing harmful Bush rules at the same time that Obama wants to enact his own agenda," says John Walke, a senior attorney for the Natural Resources Defense Council (NRDC...