Word: crisises
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Lewis' problems came to a head this summer. Bank of America had struck a deal with the SEC to pay $33 million to end an investigation into whether some unnamed Bank of America executives had mislead shareholders when it purchased Merrill. The SEC alleges that in early December, on the...
In his letter on Wednesday to Bank of America employees, Lewis wrote, "Some will suggest that I am leaving under pressure or because of questions regarding the Merrill deal. I will simply say that this was my decision, and mine alone." It is also abrupt. Just months ago, Lewis told...
But whoever takes over from Lewis will have a tough job returning the bank to the position it was in on the eve of the credit crisis. Lewis seems to agree. In the resignation e-mail that went out to employees, Lewis wrote, "I am disappointed in how we managed...
The issue is also a personal crisis. I’m a liberal in every sense of the word—political and editorial. I think the Constitution is a living document. I believe in the flexibility and inevitable evolution of language. I even think it’s acceptable...
Cleveland's bid beat Boston's and Washington's. For a city still suffering from the foreclosure crisis, massive population flight and 40 years of industrial decline, besting larger and more famously gay-friendly cities represents a major coup. The games will attract between 50,000 and 70,000 people...