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...Says Mack: "We have a lot of insurance experts. What we need are risk-management experts." Next, CSFB needs an overhaul. By year's end, the unit expects to have slashed 6,500 jobs since Mack's arrival. It has cut costs by €.4 billion, and plans to slice off a further €00 million. But by zapping more bodies, the bank risks losing its ability to offer full coverage. Mack is undaunted: "I think we're properly sized for this market." Another piece of unfinished business: the DLJ debacle. Through at least mid-next year, about...
...where five years ago Glenmorangie gave the kiss of life to a sleeping beauty known as the Ardbeg distillery. Closed for much of the 1980s and shut down again in 1996, Ardbeg is now producing at full capacity. And over in Brittany even the French are seeking a slice of the action: although it can't be called Scotch, the Warenghem distillery has been producing a blended "Breton" whisky for the past 15 years and has now launched its own malt, dubbed Armorik. What could be next, a Glenburgundy...
Blend rums, Grand Mariner and juices in an old-fashioned glass with ice. Float a splash of 151 on top. Garnish with cinnamon sticks, oranges or pineapple slice...
...visions for such a sustainable society. Author Mary Pipher styled her piece “In Praise of Hometowns” like a Chicken-Soup-for-the-Soul heartwarmer, romancing about one’s “personal slice” of ecological heaven: “Your slice of heaven may be the Iron Range or North Beach or Central Park or Chesapeake Bay or Harvard Square,” Pipher writes. “Join with your neighbors to enjoy those places and work to keep them for your great-grandchildren.” Other themes...
...goes toward free samples, and nearly a third is spent pitching those pills to physicians at work or after hours. And--surprise!--studies show that doctors who spend more time with drug reps are less likely to prescribe cheaper generic drugs. So whether salesmen chat up physicians over a slice of pizza or during a dinner cruise is drawing the attention of legislators trying to bring down prescription-drug costs, which have risen 30% since 1996--nearly twice the rate of inflation. The industry's sudden call to heal itself comes in the wake of a record $875 million fine...