Word: cuomo
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...looks likely that probes into statements about the Merrill deal made by Bank of America officials could lead to charges against Lewis. On Sept. 16 New York attorney general Andrew Cuomo issued subpoenas for five Bank of America directors, reportedly including members of the audit committee. Cuomo is also said to be weighing whether to file civil charges against Lewis...
...Even if Lewis escapes charges in the SEC case, he will still have to dodge New York attorney general Cuomo, who is also reportedly weighing charges against chief financial officer Joe Price over the Merrill bonuses and other issues surrounding the combination of the two banks. Neither Lewis nor Price could be reached for comment, though a Bank of America spokesman recently provided this statement to the Wall Street Journal: "We will continue to cooperate with the Attorney General's office as we maintain that there is no basis for charges against either the company or individual members...
...Those conflicting statements could be part of any charges brought by Cuomo, who would also likely look to prove that Bank of America played more of a key role in determining Merrill's year-end pay than its executives have let on. One possible bit of evidence: according to documents drawn up at the time of the acquisition, Merrill Lynch agreed that 40% of the bonuses it paid would be determined "by [Merrill] in consultation with [Bank of America...
...worst thing that will ever happen to him is when he and I meet in the room and I close the door.' ROBERT BENMOSCHE, the new CEO of AIG, referring last month in a closed-door meeting to New York attorney general Andrew Cuomo, who recently pressed Congress to release the names of the AIG employees receiving retention bonuses...
...rock is the tendency of middle-aged bands, often well past their artistic and commercial zenith, to release eponymous albums. Pearl Jam did it in 2006 with their eighth studio release. By the time Blur released their eponymous album in 1997, their Britpop was already a dated genre. Rivers Cuomo ’99-’06, of course, seems to call every other album “Weezer”. The motives for such a move are varied: often a return to roots, as in Pearl Jam’s case, or as a marketing gimmick to present...