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...Lehman CEO Dick Fuld complained loudly to the SEC earlier this year that his company was the victim of shorts such as David Einhorn, of Greenlight Capital, for badmouthing the company's accounting. Einhorn was unapologetic. Fuld got some action after the SEC sought to stop naked shorting with a do-not-mess-with" list of 18 financial institutions such as Fannie Mae, Freddie Mac and investment banks. On July 15, the SEC issued an emergency order temporarily mandating that anyone who wants to short a stock "must borrow or arrange to borrow the security or otherwise have the security...

Author: /time Magazine | Title: Are Short Sellers to Blame for the Financial Crisis? | 9/18/2008 | See Source »

...Paulson was nominated by President George W. Bush to assume the secretary's post in 2006 and unanimously confirmed by the U.S. Senate, replacing John Snow. Previously he had served as Chairman and CEO of investment banking giant Goldman Sachs from 1999 to 2006, during which he led the firm through a period of whopping growth. He embraced risk, taking on debt and betting big when the odds dictated it. Now he is charged with cleaning up the sizable mess left by an epidemic of risk-taking run amok...

Author: /time Magazine | Title: Henry M. Paulson, Jr. | 9/18/2008 | See Source »

Disillusioned by the administration's corruption, Paulson joined Goldman's Chicago office in 1974. His rise in the investment bank was meteoric (he made vice president within four years), and in 1998 he became co-CEO alongside current New Jersey Governor Jon Corzine. Paulson presided over the firm's immensely profitable IPO in 1999 - an offering to which he had long objected - and reaped the dividends immediately. Overnight, his holdings in Goldman rocketed from $95 million to $315 million. Though his ascent to Treasury Secretary in 2006 was by all accounts a promotion, it was nonetheless a sharp blow...

Author: /time Magazine | Title: Henry M. Paulson, Jr. | 9/18/2008 | See Source »

...tired of wan, 16-year-old East European models that I woke up super early to go to the Victoria's Secret show. Which, it turned out, was actually just a PowerPoint presentation by its CEO. It was like waking up for Christmas and discovering it's CEO PowerPoint Day. I did, however, learn that the main thing Victoria's Secret looks for in a new "supermodel" is "confidence," followed by "the ability to give back to the community." I'm guessing No. 3 is a tie between a huge heart and a working knowledge of constitutional...

Author: /time Magazine | Title: Fashion Frills | 9/18/2008 | See Source »

...Warfield, who filed a gender discrimination lawsuit against the hospital’s CEO and Chief of Surgery last March, received notice last Friday that the defendants’ motions to move the case to arbitration have been denied by the Suffolk Superior Court. Barring a settlement, the case will now go to a trial by jury...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Harvard Medical School Prof. Gender Bias Lawsuit Moves Forward | 9/18/2008 | See Source »

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