Postcards

Behind Sallie Krawcheck's move to BofA

by Patricia Sellers

Sallie Krawcheck has landed back at another troubled bank giant. Citigroup's (C) onetime CFO, who later headed global wealth management there and clashed with Citi CEO Vikram Pandit, has accepted a job at Bank of America (BAC).

Her new position—leading BofA's global wealth and investment management business—comes as a surprise, since she has been off the radar since Pandit demoted her last September and she left Citi soon after. MORE

Krawcheck and Spitzer take on Wall Street

Has Wall Street regulation worked? As a landmark stock-research settlement--requiring brokerages to spend $460 million over five years on reforms--expired this week, the key man behind the deal, Eliot Spitzer, and two experts, former Citigroup (C) CFO Sallie Krawcheck and Fortune's Allan Sloan, convened at CNNMoney's studios to talk about the progress. I sat in on their conversation. You can view segments on CNNMoney by clicking the links at the MORE

Power Point: Krawcheck says "Less is better"

"'More' is not the answer here. 'Better' is the answer here. 'Much less' is the answer here."

-- Sallie Krawcheck, former CFO of Citigroup (C), discussing the need for simplicity in financial disclosures in a video interview with CNNMoney anchor Poppy Harlow. Krawcheck gets personal here: Six weeks ago she refinanced her home and encountered "mind-boggling" paperwork, she says. The financial-services industry, she notes, "had high returns on complexity for years." MORE

Global talent hunt: where pay matters most

If you can't pay your people enough (a problem for a lot of bosses these days), how do you get the best talent to come and work at your company? I posed the question to Citigroup (C) chairman Dick Parsons last week. He had a fascinating answer: Appeal to "patriotic duty," he suggested.

Of course, only a few basketcase "too big to fail" corporations -- Citi, General Motors (GM), AIG (AIG) -- MORE

Citigroup's chairman on the bank's long-term hazard

by Patricia Sellers

How do you get top talent to work for a Fortune 500 company that's one-third owned by the federal government, bound by onerous rules on pay and benefits, and so out of favor with investors that its stock won't budge above $3.50?

If you're Citigroup (C) chairman Dick Parsons, who is trying to help embattled CEO Vikram Pandit lure talent to the bank giant's management and board, you pitch MORE

Power Point: Find a new business model

"The world's looking for a new business model."

-- Citigroup (C) CEO Vikram Pandit, defending his leadership, in an interview with CNN Tuesday. During the past week, news media outlets have reported that FDIC Chair Sheila Bair thinks Pandit lacks the retail banking experience to revive Citi and wants him out. Meanwhile, others speculate that Treasury Secretary Tim Geithner believes that Pandit deserves a shot at the turnaround and that a MORE

Power Point: Look out for Main Street

"Any effort to restore confidence in our economy must start not on Wall Street but in Main Street, and that's what the credit card situation is all about."

-- Senator Harry Reid of Nevada, the Democratic Majority Leader, speaking before a Senate vote on Tuesday that put new restrictions on the credit card industry. The bill is supposed to make card terms more explicit and be fairer to customers, providing safeguards MORE

Where in the world is the biggest risk?

Lots of people are now seeing light at the end of the global recession, but it pays to keep the dark clouds in sight. My Fortune colleague Shawn Tully does that in his just-published story about Ireland. As he notes, Ireland's economy is suffering the deepest plunge of virtually any country outside of Iceland. And it's not over yet.

To get a broader view of global risk, I called Ian Bremmer, MORE

Genentech president jumps to a new life

Another Fortune Most Powerful Woman -- a longtime member of our annual Power 50 list -- is leaving the corporate world. Susan Desmond-Hellmann, who was Genentech's (DNA) president of product development, is heading to the University of California San Francisco as chancellor.

Desmond-Hellmann's departure from business's upper echelons (She ranked No. 13 on Fortune's 2008 Power 50 list) adds to the trend of top women execs leaving corporations and deciding not MORE

Signs of spring

We took a day off! After producing three issues of Fortune back to back -- three in three weeks -- Andy Serwer gave us a free Friday. (Thank you, boss!)

What a day to be out of the office. Perfect sunny, blue-sky day in New York, temp in the mid-70s. I had a lunch scheduled and decided not to cancel it.

I'm glad I didn't. It was a fun and fascinating lunch with Hannah Burns, MORE