Word: vikram
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Dates: during 2000-2009
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...avoid the fate of Lehman or Bear, the firm's board may feel like it needs to do something to boost it's stock price. One option would be to boot chief executive Vikram Pandit. Some on Wall Street believe Pandit has not been quick enough to react to the problems of the firm and could still be in denial. On Friday, Pandit told top executives that he doesn't believe Citi needs to sell off parts of its business to raise capital. Investors don't seem to agree. The stock fell on the news...
That is exactly the sort of top-down control financial firms now say they want. Citigroup CEO Vikram Pandit vows to be a "hands-on participant" in risk management. In August, UBS chairman Peter Kurer broke the firm into three separate units partly because the old structure, he said, encouraged "the blurring of the true risk-reward profile of individual businesses." In July, the Institute of International Finance, which counts large banks and insurance companies among its members, put out a 174-page report detailing best practices in the wake of the financial crisis. Among them: developing a corporate culture...
AIDS Sutra: Untold Stories From India By Salman Rushdie, Siddhartha Deb, Kiran Desai, Nikita Lawani, Vikram Seth, et. al. Anchor Books...
...nearly 800-point nose dive in the Dow Jones on Monday was enough to make even the most experienced fund managers wince. But Acumen, it seems, weathered the storm with a smile on their face. “We had a very, very good day,” said Vikram R. Modi ’09, co-president of the group. Modi said that the group held short positions on several baskets of securities that contained industries affected by the market plunge on Monday. This instance of short selling—a strategy that allows traders to profit from...
...Taliban, including Mullah Omar, were in Quetta; they knew when [Jalaluddin] Haqqani was in Pakistan. Earlier it didn't suit their interest to admit this, but now that the fellows trained to fight in Kashmir are fighting in Afghanistan and killing American soldiers, they're feeling the heat." Vikram Sood, former chief of India's external intelligence service, the Research and Analysis Wing, agrees: "We've been shouting this from the rooftops for years. Now, given the situation in Afghanistan, there is growing frustration within the U.S. about Pakistan's two-timing. But there's no telling whether this...