Word: chosing
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
Each of these four companies has directors who chose not to ask hard questions and demand answers. How does a bank that was making $1 billion a year suddenly make $10 billion? How does a car company that nearly went out of business when oil prices rose sharply over three decades ago decide to reduce spending for the development of fuel-efficient vehicles...
...than formally "lobbying" for them, a cheesy distinction that almost made it worse. It was that these decisions became known at a moment of rising public disgust with the bankers who looted the economy - and then continued to loot it, granting themselves bonuses even after the rest of us chose to bail them out. (Read "Daschle's Problems: When Is a Lobbyist Not a Lobbyist...
...agenda. But Obama should ignore the partisan gripes about the stimulus becoming a "Christmas tree." Congress is about to toss almost $1 trillion into the economy, which means that any stimulus is going to be a Christmas tree, no matter where the gifts are hidden. And in November, America chose its Santa. This might be his best chance to decide who gets the goodies and who gets lumps of coal...
...that there was any malfeasance in the decision that left the bonus management of the highest performing employees at these companies to the boards and senior managers. But, the government elected to avoid getting into a series of disputes over how thousands of people should be paid. Federal regulators chose to hope that the banks would use discretion when they made compensation decisions during this unprecedented credit crisis...
...long. The second was that he did not want to appear to be the de facto CEO of all the companies which got TARP money. He decided that in this crisis the banking executives would have to use their own discretion in the use of the money. He chose to leave this decision to their boards and not the Treasury. And as it became clear that the government would have to put up more money, Paulson did act behind the scenes to make sure that bank CEOs received no bonuses...