Word: lufkin
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...This is the most riveting, urgent museum topic of the decade,” said lawyer Martha Lufkin, who is a legal correspondent for The Art Newspaper and an expert in recent cases involving claims for the restitution of Nazi-looted art. “It has proved that museums do not occupy an ethically aloof space in owning objects...
Krawcheck earned a journalism degree from the University of North Carolina and an M.B.A. from Columbia University. She went to work at Salomon Brothers but soon moved to Donaldson, Lufkin & Jenrette, where she met her husband Gary Appel. In 1994 Krawcheck moved to Bernstein and dived into stock research. She began covering financial-services firms in 1997 and immediately became the most influential analyst in that field. During those years, Krawcheck earned Weill's ire--and respect when she was later proved correct--by dwelling on the pitfalls of Weill's acquisition of Salomon. --By Daniel Kadlec
...insurance business and expand its investment banking side - a "bancassurance" strategy that left Credit Suisse heavily exposed to market vagaries. In 1997, Credit Suisse bought Winterthur for €.5 billion. Three years later, at the top of the cycle, it paid €1.5 billion for U.S. investment bank Donaldson, Lufkin & Jenrette (DLJ) - a deal that proved to be Mühlemann's undoing. This past September, after the group's share price had plunged more than 50% during the year, he was forced out. Into the void stepped two new co-CEOs who formally take over next year: Mack...
...game remained close throughout a sloppy first half that featured three ties and four lead changes. But four consecutive free throws before halftime by Crusaders center Nate Lufkin gave Holy Cross a three-point advantage entering intermission...
...well as his old one. That's noteworthy because at the heart of CSFB's problems, and one of the main reasons Mack was hired, is an IPO scandal that has shredded the firm's reputation. There are other issues at CSFB too. The firm overpaid for competitor Donaldson Lufkin & Jenrette, and now is losing some of the star bankers that came with that acquisition. CSFB defines excess: 60% of revenue goes toward employee compensation, a full 10 percentage points over the industry norm...