Word: talents
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...Before he agreed to take on those burdens, Lewis sent 60 BofA executives to check under Countrywide's hood - a huge commitment of inside talent for a task that other CEOs would have left to outside lawyers and accountants. The execs liked what they saw. "I kept on getting reports back from people saying they are really good at what they do," he says. "They have great technology at the front end, they have great technology in their operations, and their people are very good at selling...
...bucks - after all, the weather's better in Monaco. When Scorpio Partnership, a wealth management-strategy think tank, asked affluent clients why they chose London over, say, New York City, Paris or Munich, the good reputation of Britain's schools, the country's political stability, the growing pool of talent in the financial-services sector and historical ties to Britain were frequently offered reasons. "Another thing is the legitimacy, particularly for foreigners coming from emerging markets like Russia," says managing partner Sebastian Dovey. "They might pay less tax in Russia, but they don't know where the country's economy...
...Great cities, of course, are about more than money and finance. They are messy agglomerations of talent and culture. That is how they attract men and women in the financial sector who could choose to live anywhere. (Granted, nobody yet would argue that Hong Kong was London or New York's cultural equal, but it's a younger place.) That's a reason why Nylonkong needs to be careful not to kill the goose that laid its golden egg. These places are not cheap. According to the consultancy ECA International, Hong Kong's high-end apartments last year...
...female teachers have graduated from high school. Half the second-grade students, ranging in age from 7 to 12, can read; the rest just recite from memory. The freedom to study is a blessing, but Sarwary knows it is not nearly enough. "Our students have talent and a passion for learning I've never seen before," says the slim, stylish 33-year-old. "But we still have problems...
...solution: teaming willing artists' albums up with corporate sponsors, as EMI plans to do. That might have some artists turning in their grave - just imagine that, John Lennon - but with music arenas often branded these days, EMI is confident it can sell the idea to some of its talent. Coldplay's next CD, brought to you by ExxonMobil, anyone...