Bain

Book Digs Into Consulting Industry's Culture of Big Ideas, Small Actions

Throughout the pages of Walter Kiechel III's The Lords of Strategy: The Secret Intellectual History of the New Corporate World, the author tells how one management fad succeeded since the mid-1960s. In doing so, Kiechel paints a picture of a culture where ideas, more than deeds, are the central product.

Citigroup May Ask $10 billion for Private Equity Arm

Citigroup (C) may sell its private equity operations, Citi Private Equity, for $10 billion. The reason for the sale is simple. Citigroup is still trying to rebuild its troubled balance sheet and the $10 billion would come in handy. Of course, getting $10 billion may be easier said than done.