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Naturally rise to the top, thats what they tell us. Do you still believe that or, are we starting to suspect that the whole meritocracy speech might be an elaborate justification for keeping mediocre people in charge . Before you make up your mind on the question, consider russia. Its not the nation of russia that hasnt changed in a while,e russia is still a cold and vodka soaked and only marginally relevant place. At least from the perspective of the United States. Consider how a ruling class views of russia. To them, russia is the single most important country in the world. Nothing comes clo...

In this country the hard truth is, and get used to it, pal. Is the most impressive, naturally rise to the top, thats what they tell us. Do you still believe that or, are we and starting to suspect that the whole meritocracy speech might be an elaborate justification for keeping mediocre people in charge . Before you make up your mind on the question, consider russia. Its not the nation of russia that hasnt changed in a while, russia is still a cold and vodka soaked and only margina marginay relevant place. And to them, versus the most single most important country in the world. And, that he st...

Sandro DiNello, who briefly led New York Community Bancorp amid turmoil earlier this year, is staying on the company's board. But Joseph Otting, the company's recently installed CEO, is taking on the executive chairman position.

Bar-Ilan, the public research university that is getting the gift, described the philanthropist as a "North American Jew and graduate of Columbia University who was active in World War II."

Reflections on a Wall Street legend.