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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

Power Point: Appreciate the journey

By
Patricia Sellers
Patricia Sellers
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By
Patricia Sellers
Patricia Sellers
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August 3, 2009, 10:56 PM ET

“If you spend your whole life focused on getting from here to there, then you won’t enjoy the trip.”

– Sallie Krawcheck, suggesting that her move to Bank of America , announced today, isn’t about chasing the golden rung–the CEO job there–but rather about fulfilling a desire “to get back in the fray.”  I’ve known Krawcheck, who had an unpleasant parting with Citigroup last fall, for many years. And though I don’t doubt her ambition to rise to the top level, I think she’s more motivated to be a role model for her industry–in her case, managing investors’ wealth–than to be a big-bank boss, which isn’t very fun these days anyway. Who would want to be BofA CEO Ken Lewis, after all? The candidates are nevertheless lining up. For more on who they are and on Krawcheck’s reemergence, read “Behind Sallie Krawcheck’s move to BofA.”

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By Patricia Sellers
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