Word: sanfords
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...half. Responding to alleged conflicts of interest between the research and investment arms of its Salomon Smith Barney investment bank, the world's largest financial institution will split off analysts into a new unit called Smith Barney and headed by Sallie Krawcheck. As CEO of independent research firm Sanford Bernstein, Krawcheck became the model of honest analysis while banks like Citigroup were rocked by scandal. But is this real reform, or just a gesture? Significantly, Citigroup's announcement came the day that it and nine others agreed to pay about $1 billion to fund independent research. And although regulators consider...
...Sanford Kreisberg, founder of Cambridge Essay Service, an admissions consulting firm for applicants to elite business schools, dismisses the Business Week rankings...
...recent statement by Sanford I. Weill, the chairman of Citigroup, that he supports the acceptance of women for membership in the elite Augusta National Golf Club marks a small victory for women’s lobbying groups who have been attempting, unsuccessfully, to end gender discrimination at the club. Augusta National is the site of golf’s annual Masters Invitational tournament, and Weill is the first member to speak out against the club’s policy. Weill’s courage should serve as an example to other members of the club and to the wider golf...
Because most corporations have policies that prohibit gender discrimination, membership of company officers at Augusta could be viewed as a conflict. Such leading lights as Sanford Weill of Citigroup and Warren Buffett of Berkshire Hathaway are members. So is Kenneth Chenault of American Express, one of a handful of black members at the Georgia golf club. Sources tell TIME that Microsoft co-founder Bill Gates recently became a member. General Electric is still paying the fees for retired chairman Jack Welch, according to papers filed in Welch's divorce proceedings. None of the golfing chiefs are talking: members are required...
...such engineering details as the six-speed gearbox in the S-Type. Some Ford watchers, though, say Reitzle's departure was timely. "Wolfgang was great on the brand side, but he was always banging heads against people on the cost side of the business," says analyst Scott Hill of Sanford C. Bernstein...