The Last Days of MF Global

“Jon Corzine had never had anything to do with the futures business, had never run a public company, and hadn’t worked on Wall Street for a decade. His time there had ended badly. But by any reasonable standard, the former Goldman chief seemed almost embarrassingly overqualified. Says Flowers: ‘It seemed like we had more CEO than company.’”

How Top Executives Live

“Adaptation is one explanation of how a lot of executives stay alive. As the fish in the Silurian rivers began to develop swim bladders in order to live in shoal waters, so American executives have developed certain compensating features. The process can be observed particularly in the big cities where conditions are the most trying. Executives have developed an insensitivity to noise, an uncanny time sense (needed in commuting), and an attunement to the city’s terrifying rhythms. Instead of trying to escape the phenomenon of modern life they fling themselves at it.”

Downtown Is for People

Jane Jacobs has a somewhat ambiguous legacy—or at least one that's contested by different factions in the present-day debate over cities and urbanism—but to me her most important idea is encapsulated in the title and spirit of this piece. It's old and, I think, utterly prescient about what successive waves of planning fads miss. The purpose of urban space is for people to use it. A great place is a place where people want to be.

-M. Yglesias

Inside Pfizer's Palace Coup

Kindler could be remorseful after letting loose -- he'd send women flowers the day after bringing them to tears -- but that didn't prevent the next explosion. Says an executive who worked closely with him: "Don't call me at five o'clock in the morning and rip my face off, then call me at 11 o'clock at night and tell me how much you love me."