Good Day, Bad Day
Thankless jobs, positive synergy
OOD DAY FOR: Thankless jobs, as Citigroup named Richard Stuckey to oversee the banking giant’s $43 billion in subprime assets, as head of the bank’s new Sub-Prime Portfolio Group. Stuckey helped unwind Long-Term Capital Management nine years ago, but “the opaqueness as well as the stinkiness are greater” with the subprime mess, said NYU economics professor Lawrence White. (Bloomberg)
BAD DAY FOR: Positive synergy, after Barry Diller announced he is breaking IAC/InterActive Corp. into five publicly traded companies. Diller said the current conglomeration of more than 60 brands—including the Home Shopping Network, Ask-dot-com, TicketMaster, and LendingTree—was too complicated for investors to understand. (The Washington Post)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- 43 TV shows to watch in 2014
- After Ferguson: Stop deferring to the cops
- Is it now OK to have sex with animals?
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- The lessons of Japan's latest recession
- Diagnosing the Home Alone burglars' injuries: A professional weighs in
- 7 grammar rules you really should pay attention to
- How to adopt the perfect rescue dog
- Ferguson riots were terrible — but this racist reaction was worse
- What would a U.S.-Russia war look like?
Subscribe to the Week