Slate's Moneybox columnist Dan Gross nominates his choice for this year's world's worst banker, and the choice may surprise you (hint, U.S. bankers like Jimmy Cayne and Dick Fuld were only runners-up).
On the subject of bad bankers, should Sandy Weill be included in that list? Time magazine's The Curious Capitalist blogger Justin Fox questions the wisdom of Weill's coup de grace, the merger of Citicorp and Travelers, which created Citigroup Inc. He never goes so far as to call Weill a bad banker, but instead suggests that his successors weren't up to the task of managing what he created.
On the subject of world's worst banker, if Slate wanted to in fact issue the award to Gross' nominee, then there may be plenty of manufacturers to choose from because makers of Lucite tombstones are in fact not very busy thanks to the M&A downturn, notes Investment Dealer Digest.
If you thought it was slow enough in deal land thanks to the bear market, Pimco's Bill Gross suggests it could get even worse, according to Clusterstock. - Matthew Wurtzel
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