1. ‘There was no reason for him to stay with them while they are under this cloud.’ — Attorney Bob Byman, explaining client Laurence Rosenberg’s decision to step down as chairman of Lakeshore Asset Management.
2. ‘The latest research shows that there are 175,000 high-net-worth households in the area.’ — Chip Flannagan, senior vice president and regional manager of the Wells Fargo Private Bank, which caters to the wealthy.
3. ‘I think they’ll cut a lot of corners and bring in outside contractors to work in the plant and eliminate a lot of our people.’ — Al Cooper, a 30-year veteran of General Motors Corp. on contract negotiations between the United Auto Workers and carmakers.
4. ‘It’s inconceivable that they won’t cut rates.’ — Peter Kretzmer, economist at the Bank of America, on what he thinks the Federal Reserve will do shortly.
5. ‘They’re fighting for their lives. The union management recognizes this, and the rank and file is starting to.’ — George Magliano, director of automotive research for industry forecaster Global Insight, on the UAW’s need to cede ground or lose jobs to foreign workers.
