Word: mckinsey
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Dates: during 1990-1999
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Their favorite meeting spots were the Charles Hotel in Cambridge and the offices of the McKinsey Corp. in New York City. As pressure from reporters increased near the end of the search, committee members were more creative, holding meetings at a number of opulent hotels including the Ritz Carlton in Boston, the Stanhope in New York and finally the Waldorf-Astoria...
...assets: $243 billion). Only one, Citicorp ($231 billion), is American. In fact, of the 50 largest banks in the world, only three are American: Citicorp, Chase Manhattan and BankAmerica. "U.S. banks are pygmies in a world of giants," says Lowell Bryan, a banking analyst at the consulting firm of McKinsey & Co. in New York City. "Although we have the largest financial economy, we have the smallest banks...
...academia, it's easy to think that the job's been done," says Elizabeth R. McKinsey, the former director of the institute who left last July to become dean of Carleton College. "There certainly are more women, particularly if you look at assistant professor ranks. It looks heartening, but that's misleading. If you look at associate professor and professor ranks, it's still quite sobering...
Although the program was a success--24 of the 36 fellows have received lifetime poistions and seven more are tenure-track--officials say they had to discontinue the program in 1986 because of financial reasons. According to McKinsey, the initial program was slated to run only 10 years and "Carnegie's priorities shifted...