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...older, only 17% have a will, a durable power of attorney and a living trust, according to the AARP. But even when parents have taken care of business, the potential for bad feeling runs high. "Parents tend to keep finances and plans a secret from the kids," says Sanford J. Schlesinger, chairman of the wills-and-estates practice at the firm Kaye Scholer L.L.P. in New York City, "and then the kids are shocked to find out what they perceive to be their parents' 'real' feelings about them...

Author: /time Magazine | Title: Estate Planning: Who Gets the Stuff? | 1/20/2003 | See Source »

...climbs depends on how well she meets her latest challenge: closing the credibility gap at financial-services giant Citigroup, after government inquiries put a cloud over the firm's reputation--and its stock. Krawcheck was hired in October from the independent stock-research firm Sanford C. Bernstein (where she was CEO) to be Citi's designated savior. Citigroup's proud CEO, Sanford Weill, personally wooed her, reorganizing a large chunk of Citi around her. Krawcheck is now CEO of a reconstituted Smith Barney, which encompasses Citi's stock-research and retail-brokerage operations...

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

...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," invented by him "to inflate my professional importance," Grubman asserted in a written statement...

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

...sturdy, wind resistant, waterproof, well insulated and require no special skills or tools to assemble--perfect, according to their inventor, for use as temporary housing in a war or a natural disaster. The Shade Pod, an open-air version with legs, is just right for lawn parties. INVENTOR Sanford Ponder AVAILABILITY Next summer, starting at $745 TO LEARN MORE icosavillage.net...

Author: /time Magazine | Title: Thinking Big | 11/18/2002 | See Source »

Everyone is trying not to kill the golden goose--if indeed the goose is golden again. Thomas Wolzien, media analyst for Sanford C. Bernstein, is not certain that the networks' good times are going to last. "One of three things could be happening," he says. "A) The economy could be a lot stronger than we think; B) there could be a lot of pent-up demand from people who have been out of the market; or C) this could just be a last, desperate hurrah.'' There's a comforting thought to take to the bank...

Author: /time Magazine | Title: Broadcasting: What Ad Slump? | 11/4/2002 | See Source »

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