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Quote of the Day: A Banker’s Feelings Are Nothing to Me | 03.29.10

Posted on March 30, 2010 by Caleb Newquist

“The ability to not worry about whether bankers’ feelings are hurt.”

~ Vanessa Wittman, CFO of Marsh & McLennan Cos., on what skills got her through a tight credit market.

Posted in CFOs, Quote of the DayTagged Bankers, CFOs, Feelings, Marsh & McLennan, Quote of the Day, Vanessa Wittman

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Next: Accounting News Roundup: Treasurer Is Not a Disclosure-Worthy Position at Overstock.com; SEC Investigating Repurchase Accounting; Deloitte Considers Camping at World Financial Center | 03.30.10

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Former Citi CFO Doesn’t Hate Life Enough, Takes Position with Bank of America

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sallie krawcheck.jpgIn what appears to be serious case of self-loathing, former Citigroup CFO, Sallie Krawchek has just taken a position to run the global wealth and investment division at Bank of America.
It’s rumored that Krawchek left Citi because she and Vikram couldn’t play nice, so apparently she thinks that working for a rarely sober Ken Lewis will be a much more manageable.
Former Citi CFO takes Bank of America job [AP]

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Technically! He’ll be in a halfway house until later this year (BOP says December 17) but getting out of the big house has to feel good.

However, Drew won’t be able to apply for a position at one of those Chinese companies who are losing CFOs left and right. He still has to get reacquainted with society and whatnot:

“It’s a bridge, if you will, a transition period,” said bureau spokesman Edmond Ross. The purpose of the halfway house is for prisoners to reestablish family ties and adjust to society outside of prison, he said. Prisoners are allowed to leave the facility to go to their jobs, but their movements are still controlled. “They cannot come and go as they please,” said Ross. “Their lives are restricted to the rules of the halfway house.”

First things first, Andy – Twitter account. Oh, and maybe subscribe to our enewsletter.

Enron exec Fastow nears prison release [CNN]

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Here’s Your Chance to Hear Andrew Fastow’s Story in Andrew Fastow’s Own Words

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