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In Mountain Lion, my full name is displayed at the right of the menu bar (between the time and the search icon, to be specific). As it takes a lot of space, I was wondering if there is a way to hide this?
You just have to press the Command key while dragging the username out of the menu bar like you would to remove a dock item.
This is the fast user switching menu, which can be Command + dragged off.
Further settings can be accessed through the users & groups pref pane: