Scene and Heard

US Banker, August, 2006

"Young or middle-aged executives think they have plenty of time. It's the way we're wired." - John Davis, professor at Harvard Business School, on why many bank CEOs don't create a succession plan. "Technology has lost a devilish 66.6 percent." - Sam Stovall, economist at Standard & Poor's, on sector performances since an all-time high for the S&P 500 on March 24, 2000.

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