Word: interim
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Running a big-time Wall Street firm is not like running a carmaker. GE wonderboss Jack Welch cried uncle shortly after acquiring Kidder Peabody in 1986, and the Solomonic Warren Buffett couldn't run fast enough from his interim job as chief of Salomon Brothers in 1992. So you can see why stumbling CSFB grabbed Mack, whose own record for running a clean ship is pretty much unblemished. Mack was even rumored to be on the short list to succeed Arthur Levitt as head of the Securities and Exchange Commission. He's known for giving egocentric bankers--Quattrone while...
...ironic that Morpheus should arrive on the scene as Napster takes a couple of sellout steps towards its long-sought legitimacy. Interim CEO Hank Barry was brushed aside for a Bertelsmann executive on Monday, moving the center of power a little further away from Fanning and closer to the music industry. Even though an appeals court overturned a lower court injunction and ruled that Napster can resume trading while it waits for a trial, this new-look Napster will not do so until a planned paid service is in place...
...Indeed, the present ambiguous "pre-cease fire" may be exactly the situation Sharon aimed for when he came into office proclaiming the quest for long-term peace deals with the Palestinians unrealistic, suggesting instead that Israel pursue "rolling cease-fires" and long-term interim arrangements. To be sure, if the current cease-fire were to pass both its seven-day and six-week authenticity tests, Sharon would face something of a political crisis. Besides the fact that the "confidence building" mechanisms of the current truce include a freeze on Israeli settlement activity in the West Bank and Gaza, which Sharon...
...December 1998, Hehir was appointed interim leader of HDS, officially accepting the position after a short search...
...Treasury Secretary, has an indisputable ability to influence the ups and downs of the market. He didn't finish selling off his more than $100 million in stock and options until this week, though he promised to do so three months ago after being shamed into it. In the interim, the stock spiked upward - O'Neill made an extra 30% by holding on so long, according to market analysts quoted on Salon.com, who said the increase was largely as a result of the administration's energy policies...