DEBORAH MARCHINI, CNN ANCHOR: Ian Rodger is international news editor at the "Financial Times," and he is following some interesting management changes at Credit Suisse First Boston, CSFB. Kink of sudden, isn't it, Ian?</s>IAN RODGER, INTERNATIONAL NEWS EDITOR, "FINANCIAL TIMES": It is. It's a big shock. But when you look at it, CSFB has sort of almost made a habit of getting into trouble, starting in Russia in 1998, and then they're in trouble in Japan for this window dressing scandal, and then in India earlier this year, and New Zealand, and the IPO problem, of course, in New York. And it just looks like Allen Wheat is paying the price for running a very profitable organization, but one that perhaps didn't have as much compliance going on as it could have had. I was surprised...</s>MARCHINI: Will his successor, John Mack, make a difference?</s>RODGER: Well, our feeling is yes, this is a tough guy. He's not known as Mack the Knife for nothing. The one strange thing that seems to be coming out of this is they're going to put together the fund management business with the investment bank. But that's what Mack wanted to do at Morgan Stanley, and perhaps he's got a solution that nobody has seen yet. At least it'll be a little more conservative, a more Swiss kind of operation, than CSFB has been in the last few years.</s>MARCHINI: It makes for interesting watching. Ian Rodger of the "Financial Times," thank you. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
'Financial Times': Good Management Changes at Credit Suisse First Boston