Word: successors
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Summers asked students to “be grateful for all that Dean Clark has done for the Law School,” before he announced Kagan as Clark’s successor...
Saddam Hussein was perhaps too wily--or paranoid or superstitious--to name a successor to his throne. But in recent years it had become clear that the heir apparent was his second son, Qusay, 37. In the prelude to Gulf War II, Saddam appointed Qusay to command the defense of four key regions, including the cities of Baghdad and Tikrit, the family's tribal home and power base...
...biggest yogurt manufacturer. Whether or not Umberto succeeds in rescuing Fiat, the Agnellis face a vexing succession issue: there is no heir in the next generation. Giovanni's only son Edoardo killed himself two years ago, and Umberto's son Giovanni Alberto, who was being groomed as the successor, died of cancer in 1997. The burden of securing the family's financial future will probably fall to Giovanni's U.S.-born grandson John Elkann, who is just 26. Giovanni installed Elkann on Fiat's board in 1997, when he was only...
...tirelessly. The companies he took over were either in desperate shape or fat, dumb and happy; he made them lean and mean--and spread stock options through the ranks. Langley's Weill is deal hungry, overcompensated and, when necessary, cold blooded. He famously ousted his respected protege and potential successor at Citigroup, Jamie Dimon (now CEO of Bank One), to preserve his own power...
...Citi has been sullied by evidence that its stock analysts touted shares of suspect firms to win their investment-banking business, and Weill has promised to do "whatever it takes" to get the firm in order. He's nearly 70 but has shown little interest in naming a successor. Retiring as king of a corrupt Wall Street would be a terrible defeat. He isn't likely to let it end that...