Word: resignations
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...Ackermann and can only make his plan for change harder to implement. A sympathetic Frankfurt banker said: "Imagine how distracting it must be to try to talk about serious things like new capital requirements when you know that everyone listening is just wondering whether you're going to resign." Deutsche Bank must also convince investors that it can function effectively and implement the next phase of Ackermann's reforms, even though their chief architect will be out of action for days at a time. The trial is expected to start early next year and will likely go on for months...
...ideas, events and interactions of the day. This cannabis review-of-the-day is almost always self-critical, often harshly so, and its scope is broad. In 1980, the cumulative effect of these stoned self-critiques finally made me decide not to accept new psychoanalytic patients and then to resign from the Boston Psychoanalytic Institute...
...Orwellian-sounding position of Secretary One in the SPCD, a top post vacated by Khin Nyunt last week, was given to Soe Win, a known hard-liner. A vital piece of the puzzle is missing, though: Khin Nyunt may be Prime Minister, but if he was forced to resign as head of military intelligence, he'll have lost his power base. For now, that's a detail only the junta knows for sure...
...life of decades. Richard Lyttleton, president of classics and jazz for EMI International, points to the example of superstar conductor Simon Rattle: "For 15 years we carried a debit balance on his recordings." During those years management consultants repeatedly told Lyttleton to drop Rattle; Lyttleton had to threaten to resign to protect the conductor. His loyalty and patience paid off; these days Rattle's albums are all but guaranteed to make the classical Top 10 charts. "If you spend a long time building promising talents," says Lyttleton, "you increase your chances that they'll pay off for a long time...
...cease-fire. Now that bombs and missiles are exploding all over again, his relevance will be called into question. The Palestinian prime minister's position may quickly become untenable if the Palestinian street blames Israel for the escalation. A senior Hamas official on Thursday called on Abbas to resign and leave the Palestinian territories, signaling the movement's readiness to confront any crackdown on the streets of Gaza...