Word: walls
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Dates: during 2000-2009
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...Karen Ho got a job on Wall Street. The student of anthropology, who would later go on to get her Ph.D., was fascinated by how even in the midst of an economic boom, corporate downsizings were rampant - and how each time a company announced a major layoff, its stock rallied. What she found from her perch at Bankers Trust - and later in interviews with people at firms such as Morgan Stanley, Merrill Lynch, Lehman Brothers, Goldman Sachs, JPMorgan, Salomon Brothers, Kidder Peabody and Lazard - was that it wasn't just an ideological commitment to boosting shareholder value that drove decisions...
...that comes from Wall Street? What I found in my research was that in many ways investment bankers and how they approach work became a model for how work should be conducted. Wall Street shapes not just the stock market but also the very nature of employment and what kinds of workers are valued. These firms sit at the nexus - they are the financial advisers and sources of expertise to major U.S. corporations and institutional investors - and from this highly empowered middle-man role, what they say has a lot of influence. The model that came to be dominant...
...called to testify about Bank of America's takeover of Merrill Lynch, the government's bailout of AIG, the federal budget deficit, the Fed's various new lending programs and the economic outlook. He has also taken to penning occasional Op-Ed pieces - today he has one in the Wall Street Journal explaining the Fed's "exit strategy" once it decides it's safe to take the economy off life support. (Read a two-minute bio of Bernanke...
...Reportedly made Phillip Bennett, former chairman of financial-services company Refco, cry during his 2008 trial for fraud. Bennett was sentenced to 16 years in prison for cheating investors out of $2.4 billion. (See pictures of TIME's Wall Street covers...
...take on the FARC. I'm sure he can handle a few Wall Street bankers while making sure that the taxpayer money is being spent wisely and legally." - Democratic Senator Charles E. Schumer of New York on Barofsky's confirmation. (Politico.com, December...