Word: smarted
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Dates: during 1990-1999
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...moved to ACTION, the federal agency that ran the Peace Corps, and stayed there through three directors, building her own network among the people who sit just outside the big corner offices. According to Sam Brown, another boss at ACTION, "Betty is not just an exceptional assistant who is smart and nice; she is well connected in that network of savvy career senior secretaries across Washington. She knows exactly who to call to get something done, or is at most two calls away from knowing...
Cash is already headed for a whole new dimension. MasterCard, for example, has invested millions in the development of an E-cash system called Mondex. Smart Mondex cards have tiny embedded microchips that can store not only electronic dollars but also five other types of currency, an abbreviated medical history and even a personalized electronic "key" that can open everything from your apartment to your office. Says Henry Mundt, MasterCard executive vice president for global access: "The chip that we are putting on the card now will form the platform for the ultimate in remote access for consumers to their...
...either/or proposition: McColl and company recognize that technology is their business and size is poor insulation from change (just ask Japanese banks, among the world's largest, now immobilized by bad debt, weak management and a stunted economy). The future lies in being both nimble and smart. "We have a lot of competition these days, even from people like Microsoft," said McColl recently, revving up his engines. "Software is becoming everything...
...sure enough, one of the selling points of these megadeals is the idea that smart software will reshape the relationship between banks and customers. In a nonstop tango of bits and bills, the computers at the new Citigroup or at BankAmerica will zip through accounts looking for better ways to make money for both you and the bank. And the banks will use that efficiency to lever into the most profitable parts of the financial world: investment banking, stock underwriting and insurance...
...People knew I was smart," says Evansgratefully, "but they never thought of Harvard asa place where somebody from my neighborhood wouldgo...