Over time, as you gain experience and new skills, you work your way up your “career mountain” until you reach the top of that mountain. In the Public Service, you become the Permanent Secretary (PS), in the Private Sector you become the Chief Executive Officer (CEO) of the Company or State Owned Enterprise (SOE).
Mr. Draghi: There needs to be significant progress in developing greater transparency so we can understand what's on banks' balance sheets and what valuations are. WSJ: More specifically? Mr. Draghi: In the future, there is going to be an unavoidable move toward standardization.