Word: kadlec
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...Daniel Kadlec is TIME's Wall Street columnist. Reach him at kadlec@time.com
...Daniel Kadlec can be reached online at kadlec@time.com
WASHINGTON, D.C: This time around, says TIME's Wall Street columnist Daniel Kadlec, it was more important what Alan Greenspan didn't say to Congress. "There was nothing like the 'irrational exuberance' line. Things are going well, and he could have killed it. But he didn't." Not that the Grinch of Wall Street has suddenly gone pie-eyed over the invincible new economic order. Bristling slightly, he insisted the Fed "is not, as some commentators have suggested, involved in an experiment that deliberately prods the economy to see how far and how fast it can grow," Greenspan said...
...YORK: After yesterday's public trashing by AT&T of outgoing president John Walters, TIME's Daniel Kadlec says the company's normally patient investors are growing restless. "CEO Bob Allen can't decide whether he's going to retire or stay. He can't decide on a successor. He has big merger plans (with Bell company SBC Communications), which the government won't let him carry out. Now he's coming out and saying, 'The guy I picked isn't smart enough for the job.' There's lots of room for investors to wonder whether this company will...
...Daniel Kadlec is TIME's Wall Street columnist. Reach him at kadlec@time.com