ECONOMIC CONDITIONS:
REGULATORY CHANGES:
PRESIDENT: George Bush invades Iraq
SECRETARY OF THE TREASURY: John Snow
SECRETARY OF STATE: Colin Powell
SECRETARY OF DEFENSE: Donald H. Rumsfeld
SUPREME COURT:
CONGRESS: Speaker, Dennis Hastert (R)
FEDERAL RESERVE CHAIRMAN: Alan Greenspan
NY FEDERAL RESERVE: Timothy Geithner, President
HIGHEST PAID CEO: Jeffrey C Barbakow – Tenet Healthcare
$116,683,000
Inflation adjusted: $130,758,000
BUSINESS ROUNDTABLE: John Dillon, CEO & Chairman of International Paper, Chairman; Philip Condit, Chairman & CEO of Boeing, Chairman (forced to resign both positions at end of year)
COUNCIL ON FOREIGN RELATIONS: Peter Peterson, Chairman
KEY BANK MERGERS: BB&T and First Virginia; M&T and Allfirst
KEY NON-BANK MERGERS: PeopleSoft and JD Edwards; Oracle and PeopleSoft; Idec Pharmaceuticals and Biogen; Yahoo! and Overture Services; Travelers and St. Paul; FedEx and Kinko’s; International Steel Group buys assets of liquidated Bethlehem Steel
CORPORATE GOVERNANCE: TCL & GMI both launch corporate governance ratings