Word: reeding
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...brokerage giant Travelers Group announced plans to tie the knot with Citicorp, the second largest bank in the U.S.--a $76 billion marriage, not just of services but of two industry titans: Sanford Weill, who emerged from a messenger job at Bear Stearns to conquer Wall Street; and John Reed, the no-compromises Citibanker who manhandled his firm back from the edge of insolvency in the late 1980s. Suddenly the world of finance began to look less like the Norman Rockwell thrifts that built the great American economy and more like a Picasso impression of finance, all whirring shapes...
...risks of the new system do point up the problems of trying to regulate such a quickly changing world. In the week after their deal, Weill and Reed tipped their hats toward Washington, but it was just a courtesy. Banking, everyone seems to have acknowledged, has entered an era that may be larger than old-fashioned laws. Fed Chairman Alan Greenspan, for one, has abandoned the notion that it is possible to regulate this broad frontier with old-style rules. The burden, he says, has to rest with private industry: Regulate yourselves. "To continue to be effective, government's regulatory...
...talent, hiring writers and editors from such publications as the Wall Street Journal, Business Week and TIME (former chief political correspondent Michael Kramer is Brill's No. 2 editor). Washington Post media critic (and author of Spin Cycle) Howard Kurtz will be a contributor, as will former FCC chairman Reed Hundt and humorist Calvin Trillin. Brill has even hired an in-house ombudsman: former New York Times editor Bill Kovach, head of the Nieman journalism fellowships at Harvard, will critique Content's own articles...
...principal fund raisers, Beverly Reed, an unemployed single mother of five, finds herself the target of the Illinois attorney general's office over her handling of $310,000 she collected on the girl's behalf. According to depositions taken in connection with the investigation, Reed spent more than $50,000 for personal use, including rent, utility bills, a computer, babysitters for her children and payments to friends and family. Authorities contend that only about $1,400 has gone to Girl X or her family. The girl, who is blind, cannot speak and uses a wheelchair, lives in a state...
...Reed, who denies any illegal conduct, told TIME that payments to the girl were limited so as not to jeopardize her eligibility for public aid. "I may not have done everything properly," she said, "but I did the best I could. I am not an attorney or an accountant." Meanwhile, a separate $343,000 fund set up by WGCI Radio has been administered correctly...