JOHN WALSH HAD been making known his feelings about
the recent reorganization above him at CSFB for some weeks
before Jerry Wood finally went in to talk to him on the first
Friday in April. It was never going to be a cosy chat. Walsh,
the bank's head of global debt capital markets, was not
happy, and what vexed him most was the appointment two months
before of the man now standing before him. Wood, who had been
hired by CSFB CEO John Mack from his old stomping ground at
Morgan Stanley, is now co-head of CSFB's fixed-income
division, and thus Walsh's boss.
But seniority counted for nothing here. As Wood was trying to
talk to him about his recent abrasiveness, Walsh cut him off, told
him they weren't going to have this conversation, and made it clear
he wanted Wood to leave his office.
Tom Nides, CSFB's chief administrative...
