Word: chairmans
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...able to repay the $45 billion it received in government assistance during the financial crisis. Some money managers say that could take years - and it looks increasingly unlikely that Lewis will be able to hang on that long. In April, shareholders voted to strip Lewis of the title of chairman. Moreover, regulators have pushed the bank to replace a number of its corporate directors. The SEC settlement may be the final straw for Lewis...
...very rare when you split the chairman and CEO position for the top executive to stay in place," says Paul Miller, who follows Bank of America at FBR Capital Markets. The executive's performance during the financial crisis has come under increasing scrutiny in the past few months. At the center of the criticism, and the SEC complaint, is the way Lewis handled the Merrill Lynch acquisition. Lewis and his executives hammered out the details of the multibillion deal to buy Merrill over the course of a single weekend during the worst of the financial crisis. Quickly, it became apparent...
...message, however, has many doctors skeptical. "Virtually everyone who is overweight would be better off at a lower weight," Walter Willett, chairman of the nutrition department at Harvard's School of Public Health, told the New York Times in early July. "There's been this misconception, fostered by the weight-is-beautiful groups, that weight doesn't matter. But the data are clear." NAAFA's public-relations director, Peggy Howell, says her group doesn't encourage anyone to lead an unhealthy lifestyle but recognizes that for some people weight loss isn't possible. "We don't encourage people...
...unacceptable that NATO be headed by an individual who has in the past rudely disrespected our values and religious beliefs ... He is a problematic man." - Suat Kiniklioglu, a deputy chairman for Turkey's ruling AK party, Turkish Weekly, March...
...much. The Senate Finance Committee, for example, is on the verge of a deal that would jettison the public option in favor of nonprofit, consumer-owned health-care co-ops, which would mean far less government involvement than many liberals would like to see. The Finance Committee, whose chairman, Max Baucus of Montana, is working closely with ranking Republican Charles Grassley, appears poised to omit any requirement that employers provide coverage to their workers (though they would have to reimburse the government for what it would pay to help them buy their own coverage) and to give relatively skimpy subsidies...