Word: shake-up
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
What White House Shake...
Leon Panetta announced his long-promised and much anticipated shake-up of the Clinton White House staff. The result: some clearer lines of authority but no major changes. Press Secretary Dee Dee Myers, whose ouster had been widely rumored, even got a promotion and greater access to the President -- reportedly after circumventing Panetta and making a last-minute plea directly to Clinton...
...Panetta's coordinator of strategic planning. Myers' savior was apparently President Clinton himself, who met with her Thursday night. "Clinton undercut the chief of staff he supposedly gave the power to do whatever it takes," says TIME White House correspondent James Carney. "It's sort of the shake-up that wasn't. . . The source of disorder in the White House is clearly the President himself...
...Kidder, Peabody & Co. head Michael Carpenter was replaced by two GE executives as parent company General Electric tried to redeem the securities firm's stained image. The management shake-up followed a bond scandal in which a Kidder trader was accused of misreporting $350 million to bolster his bonus, as well as a projected second-quarter loss of up to $30 million...
Once one of the most respected powers on Wall Street, the brokerage firm Kidder Peabody, went through a management shake-up today in a bid to regain some of its lost reputation. Kidder owner General Electric was rumored to be pondering whether to dump the poorly performing financial house, especially in light of recent allegations that the company's leading bonds trader had dramatically inflated actual profits. GE seems more committed than ever: along with the management shuffle, it recently sunk an additional $200 million into the enterprise...