NEW YORK — Tek Young Lin was revered at the Horace Mann School. He was different from other teachers — a Buddhist who carefully tended to his elaborate gardens, a chaplain and a cross-country coach. He was so beloved that the English department chairmanship was named in his honor.
More than a year ago, when the markets were flying high, a chorus of alarm went up on Wall Street. Talk spread that the United States risked losing its edge in the financial world.
It is easy to dismiss Jerome Kerviel, the rogue trader at Societe Generale, as a fluke — the perfect storm in a pinstripe suit.
John A. Thain ’77 won plaudits as Wall Street’s Mr. Fix-It by revitalizing the embattled New York Stock Exchange. Now, he faces what could be a more formidable challenge: turning around Merrill Lynch, the once-proud Wall Street firm battered by losses from the mortgage debacle.
The Beatles insisted that money can’t buy you love. Apparently it can do a lot of other things, like lure top-flight talent from one high-profile, well-paying job to another high-profile, better-paying job.