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Meanwhile, Microsoft's foes are piling fuel on the fire to keep the pressure on: The CEO of software maker Caldera said Tuesday that Microsoft had threatened a large computer manufacturer with suspension of its operating system contracts if the manufacturer bundled competitors' operating systems in its computers. And while it faces the hostile glare of investigators on one front, Microsoft has lost a foothold on another: Bob Herbold, its candidate for one of six open slots on the board of the Software Publishers Association was rejected yesterday. It's especially galling considering that, with IBM, Microsoft...

Author: /time Magazine | Title: Getting on Microsoft's Case | 4/30/1998 | See Source »

Raines has been a principal figure in the recently-completed balanced budget agreement, and will step down next year to become CEO of Fannie Mae. As such, he will be the first black CEO of a Fortune 100 company in the United States...

Author: By Stephen G. Henry, CONTRIBUTING WRITER | Title: Budget Chief, HLS Grad Speaks | 4/28/1998 | See Source »

...electronic finance, a single document that spells out the terms and scope of the revolution that will shift money power away from central bankers and into the hands of consumers, it could be found in "Financial Markets in 2020," a speech delivered in 1993 by Charles Sanford Jr., then CEO of Bankers Trust, to a gathering of economics sachems in Jackson Hole...

Author: /time Magazine | Title: The Big Bank Theory | 4/27/1998 | See Source »

...instrument designed to match your financial needs with the available options. In the same way a FORTUNE 500 treasurer may use derivatives to balance his or her need for pesos and yen, wealth accounts will precisely balance your demand for investment and consumption. Says Christos Cotsakos, CEO of online brokerage group E*Trade: "The wired household is the ultimate bank." Your checking deposits, for instance, might be programmed to scour an electronic Web looking for interest-bearing investments overnight while you sleep. If a Turkish real estate developer needs to use the money for a few hours while you doze...

Author: /time Magazine | Title: The Big Bank Theory | 4/27/1998 | See Source »

DOWNSIZED BY THE DIRECTOR In his documentary The Big One, anti-corporate crusader Michael Moore visits Nike CEO Phil Knight to challenge the shoe company's use of cheap Indonesian labor. In the film Knight seems evasive, edgy and ultimately tripped up by Moore's relentless interrogation. But did the filmmaker unfairly tailor Knight's appearance? In an effort to wipe the treadmarks off his reputation, Knight has put outtakes on Nike's Website www.nikebiz.com) There Moore, who comes off as an attack dog in the film, is heard purring to Knight, "I honestly think you're the good...

Author: /time Magazine | Title: Notebook: Apr. 27, 1998 | 4/27/1998 | See Source »

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