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Krawcheck earned a journalism degree from the University of North Carolina and an M.B.A. from Columbia University. She went to work at Salomon Brothers but soon moved to Donaldson, Lufkin & Jenrette, where she met her husband Gary Appel. In 1994 Krawcheck moved to Bernstein and dived into stock research. She began covering financial-services firms in 1997 and immediately became the most influential analyst in that field. During those years, Krawcheck earned Weill's ire--and respect when she was later proved correct--by dwelling on the pitfalls of Weill's acquisition of Salomon. --By Daniel Kadlec

Author: /time Magazine | Title: Sallie Krawcheck: CEO of Citigroup's new Smith Barney unit | 12/2/2002 | See Source »

...postal savings system, which it has treated as an always-replenishing piggy bank to fund its huge public-spending projects. And thus the giant, unproductive cycle of money and labor churns on. "After all this time, Japan still has the resources to muddle through," says Kiichi Murashima of Nikko Salomon Smith Barney. "And as long as Japan can muddle through, it will...

Author: /time Magazine | Title: Going Nowhere Fast | 12/2/2002 | See Source »

...corrupt, Jack Grubman says; he's just a liar and a braggart. A former star analyst of telecom companies for the Salomon Smith Barney unit of Citigroup, Grubman says that when he upgraded his investment opinion of AT&T in November 1999--after years of dissing the stock--it had nothing to do with winning investment-banking fees for Salomon, helping his boss Sanford Weill survive a power struggle or getting the Grubman twins into an exclusive nursery school. A string of emails in which he raised all these issues--and which were obtained by reporters last week--are "baseless...

Author: /time Magazine | Title: Did Sandy Play Dirty? | 11/25/2002 | See Source »

Business associates and colleagues describe Grubman, who occupied an outsize corner office at Salomon's lower Manhattan headquarters, as generally quiet and focused, with few friends, though he would often hog the stage during conference calls. Says a former Salomon analyst: "We'd all just groan. Nobody had the clout to tell him to stop...

Author: /time Magazine | Title: Did Sandy Play Dirty? | 11/25/2002 | See Source »

...brief boxing career, he would often cock his arm and make ready to land a punch on your jaw, says a former classmate, Jacob Zamansky. Grubman's first job was in strategic planning at AT&T. He later became an analyst at PaineWebber but made his name at Salomon pounding the table for WorldCom in the mid-'90s, with the stock trading in the teens. As it rose to its high near $62 in 1999, so did Grubman's reputation, and his relationship with Ebbers got downright cozy--Grubman even attended Ebbers' wedding that year. "Grubman was solicitous, fawning, like...

Author: /time Magazine | Title: Did Sandy Play Dirty? | 11/25/2002 | See Source »

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