Word: chairman
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Dates: during 2000-2009
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...lingered about whether the chief executive was completely honest with shareholders about the state of Merrill - specifically about the year-end bonuses paid out to Merrill employees despite the investment bank's huge 2008 losses. Bank of America shareholders have already voted to remove Lewis from the post of chairman in part because losses at Merrill turned out to be worse than Lewis let on. But that has failed to put the issue to rest. (See 25 people to blame for the financial crisis...
...approve the deployment of the now canceled system). What's more, they can perform missions other than missile defense, and they are considerably cheaper. "This system gives us a much more significant and robust capability to adapt to the threat as it actually emerges," Marine General James Cartwright, vice chairman of the Joint Chiefs of Staff, said Thursday, Sept...
...virtual Who's Who of battered luxury chains. "Saks and Neiman's sales are horrendous. Tiffany was down 27% in U.S. same-store sales last quarter, Bulgari was down 21%, Harry Winston sales were down 49%, and [LVMH Moet Hennessy] Louis Vuitton down 23%," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail consulting and investment banking services firm. "If you look at Madison Avenue, it's a ghost town in terms of store closings. It's an absolute disaster." (Read "How Consumers Shop Differently Today...
After months of anticipation and blown deadlines, Senate Finance Committee chairman Max Baucus on Wednesday finally unveiled his bill to overhaul the nation's health-care system. The Montana Democrat did his best to sell the controversial proposal, stressing that it was largely in line with the principles laid out last week by President Barack Obama: it has a 10-year price tag of less than $900 billion, doesn't add to the deficit and includes a mechanism to ensure that those with pre-existing conditions can't be denied coverage. But Baucus' relentlessly positive spin couldn't change...
...Earlier this week, the town decided to release 70 of the roughly 100 dolphins from the previous week's catch. But Taiji fishermen aren't the only ones bowing to international pressure. Tokyo International Film Festival (TIFF) chairman Tom Yoda announced on Sept. 16 that the festival will screen the film, after previously rejecting it for TIFF's official selection (the festival starts next month). Having come under fire for initially rejecting the documentary, Yoda said the reasons for rejecting or accepting films aren't generally discussed, as the festival receives more than 700 entries each year. No film festival...