Word: accepts
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Last December at a black-tie industry gala in New York City's famed Plaza Hotel, Ken Lewis strode past other top financial executives to the podium to accept the award for Banker of the Year. The financial industry was crashing, but Lewis looked to be at the top of his game. The CEO told the crowd, "It is incumbent upon all of us, especially those of us whose performance has left us in a strengthened leadership position, to help our industry find a new balance between our desire for economic growth and our need for market stability...
...September, Judge Jed Rakoff said he would not accept a settlement that did not name specific executives. New York attorney general Cuomo is reportedly considering pursing his own charges against Lewis and other Bank of America executives on issues surrounding the Merrill acquisition. Pursuant to Rakoff's ruling, the SEC has gone ahead with its case against the bank in general but has yet to name individual executives in the suit. Cuomo recently subpoenaed a number of current and former Bank of America board members. He has not indicated whether he intends to bring charges...
...diplomatic process was never going to be simply a question of restating Western ultimatums and reiterating the incentives for Iran to accept them and the consequences of defiance. Tehran has its own ideas about how to resolve the standoff, and many critics have warned that it will try to string out any negotiating process to buy time and divide the international community without giving significant ground. Certainly, the diplomatic game that got under way in Geneva on Thursday is unlikely to produce quick or even necessarily satisfactory results - and it may force Western powers to accept more limited goals than...
...troops the U.S. has in Afghanistan," says analyst Haroun Mir, director of Afghanistan's Center for Research and Policy Studies. "The Russians had twice as many troops [as the NATO coalition does now] but they failed, not because they were weak, but because the Afghan government was never accepted by the people. If people do not accept and recognize the legitimacy of the Afghan government we cannot force them with foreign forces. And that is where we are going." Karzai has a lock on power in Kabul for the next five years, but if can't be persuaded or compelled...
...mission's view, it was Georgia which triggered off the war when it attacked Tskhinvali with heavy artillery," Tagliavini said in a statement accompanying the report. The document condemns the bombing, saying it was an overly aggressive response to the provocation. "It is not possible to accept that the shelling of Tskhinvali ... would satisfy the requirements of having been necessary and proportionate in order to defend those villages," it says...