Word: cuomo
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Dates: during 2000-2009
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...other important issue which has been raised is whether Merrill Lynch hid any of the problems on its balance sheet from B of A. According to Reuters, "New York Attorney General Andrew Cuomo is reportedly looking into whether federal bailout loans to BofA were used appropriately, and if shareholders of both companies were given all the necessary information about Merrill's finances...
...time being, both Cuomo and federal authorities should pass the ball to the Bank of America (BAC) board. It has a duty to look into the Merrill merger and decide what should be done about any misconduct. It is not unusual for boards to hire outside counsel to look through complex matters involving potential executive malfeasance. During the options grant scandal two years ago, boards often took the lead getting to the bottom of these sorts of issues...
...only way to reverse what is now viewed as bad judgment on the part of the compensation committees is to try to get some of the money back. NYS Attorney General Andrew Cuomo says he may try to use legal action to recover some of the money paid to Merrill Lynch employees. Senator Chris Dodd wants to go into court immediately...
...Cuomo, Congress, and the public are angry that these bonuses were paid. It made no sense that the most highly paid people on Wall Street continued to make extraordinary amounts of money with the bonus payments, when their companies had to bailed out by taxpayers. In an ideal world, they would not have been given those bonuses. But, Paulson was not willing to push that point. He did not have the time to make the effort...
...private law firm, where she spent time working on behalf of client Philip Morris. Altria, as Philip Morris is now called, donated $17,000 to Gillibrand's 2008 campaign. During the Clinton Administration, Gillibrand worked as a lawyer for the Department of Housing and Urban Development under Andrew Cuomo. She later returned to private practice, working for the law firm Boies, Schiller & Flexner...