Category Archives: defenestrations

John Thain’s PR Expenditures

When Maria Bartiromo asked John Thain about his notorious office, he replied: Well, first of all, it– it is true. This was a year ago or actually a little bit more than a year ago in a very differ– different– … Continue reading

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John Thain, RIP

It was always a bit weird that John Thain was going to stay on at Bank of America, but as it turned out, he lasted less than a month before getting fired this morning by the equally-beleaguered Ken Lewis. The … Continue reading

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Executives’ Heads on a Pike

Fortune’s Roger Parloff can paint quite a picture: An angry mob of investors and taxpayers is assembling, and they want to see some executives’ heads on pikes. Astonishingly, this photo just came in from the wonderful David Sunstrum. The angry … Continue reading

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How Safe is Ken Lewis?

Oh, the fickle Wall Street Journal. It was so kind last month, when the American Banker named Bank of America’s Ken Lewis Banker of the Year for the second time in six years: If anyone deserved the award, it is … Continue reading

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Thain’s Elegant Exit

The difference between Dick Fuld and John Thain is that Thain knows when to let go: It could not be determined if Mr. Thain will play a role in the new company, but two people briefed on the negotiations said … Continue reading

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How Long Will Rick Wagoner Last?

Joe Nocera is taking to blogging like Steve Jobs took to turtlenecks: “Rick has the unified support of the entire board to a person,” the company’s lead outside director, George M.C. Fisher, told Bill Vlasic of The Times in an … Continue reading

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Adventures in Acceleration, Goldman Sachs Edition

If you’re a bond, being accelerated is not a good thing. If you’re a Goldman Sachs analyst, likewise. Analysts normally have a two-year gig, after which they go on to MBAs or some other job, but Goldman Sachs has decided … Continue reading

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Martin Sullivan Deathwatch: It’s All Over Now

Liam Pleven, in the WSJ, seems almost sorry for AIG CEO Martin Sullivan, now he’s being fired: It’s not clear what a new chief executive, interim or permanent, can do to solve those problems amid ongoing upheaval in the mortgage … Continue reading

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The End of Lehman

Why the defenestrations at Lehman? There’s one reason, and one reason only: the share price, which was meant to go up, instead went down. And frankly the only reason Fuld himself still has his job is that he is also … Continue reading

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Martin Sullivan Deathwatch, Redux

Martin Sullivan is still holding on to the CEO job at AIG, despite last month’s attempt to use the WSJ to oust him. Still, if at first you don’t succeed, try again, and so there’s a new front-page WSJ story … Continue reading

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