Word: lipp
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Dates: during 2000-2009
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...dealmaking that would become his trademark. Instead of just signing off on real estate leases, Dimon would pick some and read them line by line. The high-decibel debates that took place in the corridors between Dimon and Weill were legendary and "the most fun we had," says Robert Lipp, a former colleague and now a member of the Bank One board...
...order to help HLS graduates in low income fields, the school pioneered a program which later became known as the Low Income Protection Plan (LIPP) to forgive some student loans, but other schools copied LIPP, and in many cases were able to improve...
Clark's plan proposes the elimination of many of the restrictions on LIPP, such as its salary cap and its stipulation that careers must be law oriented, and proposes to guarantee to each incoming class the availability of LIPP upon their graduation...
Courtis disagreed with Lipp's general optimism, arguing that leading economic indicators--such as order-book backlogs and consumer sentiment--don't bode well for Europe. "Everything we look at that tells us where the economy is going to be in six months in the U.S. started to roll over in June, July and August," said Courtis. "In October, November and December, they started rolling over in Europe." He predicted a significant Continental slowdown in the second quarter, with the European central bank waiting too long to cut rates. "They are going to get caught behind the curve," he warned...
...even if you doubt Lipp's 3.5% prediction, there's reason to think the Continent will handle a slowdown with relative grace. "Europe won't have the same kind of adjustment pressures that we have in the U.S.," said Hormats. That's because Europeans, in contrast to debt-addicted Americans, are light on stock investments and still have substantial savings they can tap during lean times...