Word: bischoff
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...linked companies. It's unclear how much of the loan Citi held onto. By that time, Citi's own research staff had begun to issue warnings that Dubai was the most vulnerable economy in the oil-rich gulf because of its exposure to real estate and debt. Nonetheless, Win Bischoff, who was Citi's chairman, said at the time of the financing, "This is in line with our commitment to the [U.A.E.] in general, and reflects our positive outlook on Dubai in general...
...several accounts, chairman Win Bischoff is leaving. But, he has been on his way out for months. He still has his job. The earlier rumors must not have been true. (See pictures of the global financial crisis...
...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...
...name which keeps coming up when these announcements or rumors hit the media is Citi's lead director Richard Parsons, former CEO of Time Warner (TWX). He may take Bischoff's place as Citi chairman but he did not do a bang up job at the media company. He has also been sitting on the Citi board during most of the period when the decisions were made that nearly brought the bank down. It would be hard to defend the position that he is blameless...
...Network—an organization composed of students at Harvard, the Berklee College of Music, Brandeis, Boston University, MIT, and Tufts. Since MCN was founded last fall, the organization has hosted a conference attended by over 1,700 students, along with a summer service trip to Nicaragua. Roxanne N. Bischoff, a Brandeis sophomore, said she that her peers at the “Stand Up” rally left her inspired. “I’ve been to events that were entirely dominated by faculty and prominent people,” Bischoff said. “The fact...