Word: predecessor
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...winds of change are blowing at the RNC." - Mike Duncan, Steele's predecessor, who stepped aside after losing votes on each of the first three ballots (Washington Post...
...firms leading the charge to capital-light banking was Bank of America (BofA). Starting in 1993, a predecessor firm became one of the first banks to develop and embrace computer models that were supposed to improve a bank's ability to determine the risk of a particular type of loan. After a merger in 1998 that formed the bank, BofA officials often argued to investors and regulators that these new advanced risk controls meant the bank needed to carry less capital per loan. The officials also frequently fought regulations that would boost capital requirements for them and other banks...
...Harvard coach Tommy Amaker and his predecessor Frank Sullivan have both stressed the danger of playing teams “with their backs against the wall.” Losers of its first two Ivy games, Columbia certainly fits the picture of a team desperately needing to win, while the Bulldogs find themselves tied for first and could be alone at the top of the table if they sweep their weekend games. But the Lions played well at home in their loss to Cornell. Expect another solid effort from a team craving Ivy victory. Columbia by five...
What's clear is that Geithner, unlike his predecessor Henry Paulson, does not face a growing chorus of voices calling for a particular plan. Initially, Paulson was reportedly in favor of spending TARP money to buy up troubled assets. But shortly after the bank rescue fund passed Congress, a flood of economists came out against Paulson's plan. Instead, most policy experts advocated a plan to inject capital into the banks by buying preferred shares. The latter strategy would be quicker to implement and would do a better job of stimulating lending. Britain was instituting a similar plan...
...Vogue, Tina Brown was editor of Vanity Fair and the New Yorker. She was, arguably, just as famous. Ten years later, having written a best seller, Brown is editor of an upstart website. With an office that looks onto an alleyway and a dumpster. Grace Mirabella, Wintour's predecessor at Vogue, started her own magazine, which folded 11 years later. It's hard to think of one name-brand magazine editor who has maintained her prominence or transferred her influence to a new industry after leaving the job. Male editors routinely get positions of authority elsewhere; TIME's own Henry...