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Running Weld
By Stephen Rodrick
The quixotic candidacy of the partying patrician who wants to be governor, again. |
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Vera Wang’s Second Honeymoon
By Amy Larocca
Brides love Vera Wang. But does she love them? (Not so much.) What this former Vogue editor and self-described fashion nun really has a passion for is clothes. But let her tell you about it. |
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THE IMPERIAL CITY
The Good Old Boy of Time Inc.
By Kurt Andersen
John Huey sits atop Time and Fortune and 149 other magazines, ready to have some fun. Only now the good old days of big media are history. |
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THE POWER GRID
Chuck’s Chance
By John Heilemann
Whatever happens with Judge Alito, Schumer is likely the Democratic winner. It’s all part of his secret plan for senatorial domination. |
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| News & Gossip |
The 10 Highest Paid CEOs
#3
William B. Harrison, Jr.
President
& CEO, J.P. Morgan Chase & Co.
Direct
deposit: $6,281,250
Perks: $39,579,590 option value + $3,118,766
restricted stock awards
Total Compensation: $48,979,606
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Vacation,
Harrison-style: American
Banker reported that a retreat to Harrison's
house in Maine means participating in a range of
activities from horseshoes to badminton to volleyball.
Former White House chief of staff and Harrison guest
Erskine Bowles said a day of rain elicited relief
from exhausted guests until Harrison set up a ping
pong table and encouraged a game. "You have to lead,
follow, or stand aside," Bowles said. "There's not
much follow or stand-aside in Bill Harrison. He's
constantly challenging himself. And he's used to
winning."
Who needs personality? "Mr. Harrison may
not be the most charismatic leader, friends and
associates said," the New York Times reported
last September, "but few other executives have his
experience in overseeing complicated mergers."
Career-oriented: The Times notes that
Harrison's grandfather ran a bank in his native
North Carolina; his father was also an employee,
and Harrison worked summers there. Harrison, 57,
joined Chemical (which merged with Chase in 1996)
in 1967 and became president and CEO of J.P. Morgan
Chase on January 1 of this year.
Favorite causes: According to his company
bio, Harrison is on the boards of the United Negro
College Fund, the Sloan-Kettering Cancer Center,
the Central Park Conservancy, Carnegie Hall, and
New York City Partnership and is a director of the
National Dance Institute.
Rankings
and data provided by Executive Compensation Advisory
Services (ECAS) for fiscal year 2000.
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