Word: streeter
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...just break up the biggest firms? I'm a Republican and a former Wall Streeter and don't favor government intervention in markets. But I can see where breaking up the banks would be a positive for the free markets. We want a system where firms are able to take risks, but we have to protect ourselves from the risks eating us alive, which can happen when the risks are concentrated in just a few banks. Breakups would distribute risk over a greater number of players and would probably be good for the banks as well. Most financial firms...
Steven Begleiter isn't the only Wall Streeter to have hit pay dirt at the poker tables in Las Vegas. But he might become the first to claim the game's biggest prize - and in an odd way he owes it all to his former employer, the collapsed investment house Bear Stearns...
...unlikely combination: an intellectual Wall Streeter. After graduating from the University of Michigan, Wasserstein enrolled at Harvard Law School at 19 and worked with Ralph Nader's "Raiders" before becoming a corporate lawyer. But it was as a banker--at First Boston, then at the boutique firm he founded, Wasserstein Perella, and finally as CEO of Lazard--that he made his mark. Wasserstein presided over the rise of the "Big Deal" (the title of a book he published in 1997), dreamed up takeover tactics like the Pac-Man defense and was sought by CEOs for his creative ideas on offense...
...outlets would offer the organization millions of dollars in fees to broadcast a domestic Olympics. But it's still bad politics to risk alienating IOC voters. The USOC has undergone a management shake-up since the Beijing Games: former CEO Jim Scheer was pushed out and replaced by Stephanie Streeter, a four-year board member, on an interim basis. Right now, the USOC may need a leadership infusion. "You just sit back and wonder, Who is making the decisions?" says Ganis. "Is anyone thinking of the greater good? Why risk so much for something so modest? That's the real...
...acquisitions, left the bank last summer to become a vice chancellor at the University of California, Berkeley. Apparently, Yeary's boss at the time was a little jealous. A month later, Citi's head of investment banking, Michael Klein, left for Princeton University. Harvard has nabbed a top Wall Streeter as well: Edward Frost left the job of Goldman Sachs' head of investment management to join that school as executive vice president. (See pictures of 10 cities that are hiring at LIFE.com...