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...Bischoff is just a pleasant old man from overseas who was in the wrong place at the wrong time. To look at media reports, the director who did all of the damage at Citi was former Treasury Secretary Robert Rubin. He is gone, but the problems he helped create are not. According to William Shakespeare, "The evil that men do lives after them; the good is oft interred with their bones." If that is true, almost no one on the bank board is likely to have a peaceful passing...

Author: /time Magazine | Title: The Imbecile's Ball: Citigroup Dances Around Management Change | 1/12/2009 | See Source »

...Companies, historically, have made a deliberate decision to hold equities in pursuit of superior investment performance, and in some years that has worked. But this year, "it's gone wrong, and spectacularly so," says Adrian Hartshorn, a principal in Mercer's financial-strategy group. In 2008 the Standard & Poor's 500 index declined...

Author: /time Magazine | Title: Pension Losses Could Whack 2009 Corporate Profits | 1/12/2009 | See Source »

...Bush then broke with his own tradition and weighed in on some mistakes. The "Mission Accomplished" banner brandished during his aircraft-carrier appearance two months after the invasion of Iraq gave the wrong impression about his and his Administration's assessment of progress in the war, he said. He then referred obliquely to mistakes in some of his own "rhetoric"; Bush has said that his vow to catch Osama bin Laden "dead or alive" and his challenge to America's adversaries to "bring 'em on," among other cavalier comments, were unhelpful, and that is presumably what he was hinting...

Author: /time Magazine | Title: Bush's Last Press Conference: Full of Disappointment | 1/12/2009 | See Source »

...though, there's a difference between self-pity and self-reflection, and it's not clear that Bush has made the distinction. True, he deserves credit for speaking so bluntly about so many of the things that went wrong during his presidency. And he is clearly working hard to understand what he might have done differently: he laid out in detail how he had reflected on whether or not he should have landed Air Force One in Louisiana after Hurricane Katrina, and argued passionately that in retrospect, he made the right decision in not burdening local officials with his presence...

Author: /time Magazine | Title: Bush's Last Press Conference: Full of Disappointment | 1/12/2009 | See Source »

...soon as we seem to get something going and get some penetration down in their zone like we did in the first couple of minutes of the second period there, something happens, either a penalty or an icing or something that goes the wrong way,” Fraser said. “We talk a lot in the locker room that bounces come from hard work, and you have to create your own luck. Again, penalties cost us in key situations and unfortunately killed the momentum that we were trying to get going.”In the last...

Author: By Courtney D. Skinner, CRIMSON STAFF WRITER | Title: NOTEBOOK: First Period Struggles Doom Crimson Efforts | 1/11/2009 | See Source »

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