Word: deal
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...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 that Merrill Lynch was in much worse shape than Lewis had suspected. Worrying that the deal would cripple his bank, Lewis was forced to ask the Treasury Department...
...complaint, which was filed Monday, alleges that Lewis misled shareholders in advance of the Merrill acquisition, withholding information that might have caused investors to vote against the acquisition he wanted. In a proxy statement sent to shareholders prior to the vote on the deal, Bank of America stated that Merrill had agreed not to pay bonuses to its top executives until after the acquisition was closed. Shortly after completing the acquisition, Lewis fired Merrill's top executive John Thain for, among other things, paying out $3.6 billion in bonuses to Merrill's top executives just days before the Bank...
...complete freeze on Jewish settlements in occupied territory as a precondition for any talks with Israel, which it will stress must be based on U.N. resolutions - which will include recognition of the "right of return" for Palestinian refugees expelled from Israel in 1948, a demand that Israel deems a deal breaker...
Then again, making a deal on the terms currently on offer is clearly not the priority for much of Fatah, which believes that such an agreement would kill its organization. Instead, the conference will seek to rebrand Fatah with a more radical stance in order to more effectively compete with Hamas. Unlike Arafat, who framed his negotiation strategy with Israel in revolutionary language (which, of course, heightened Israeli suspicions over his bona fides as a peacemaker), Abbas is unable to couch his positions in the language of struggle, and without Arafat's charisma, he is seen as lacking a clear...
...thing is for sure, though: the clarified rules will deal only with people who travel overseas to assist with suicide and won't change the fact that helping someone die in Britain is illegal. And that, says Dominic Wilkinson, a medical-research fellow at Oxford University, raises other ethical considerations. "If we think it's O.K. for people to go overseas to end their lives, and it's not illegal for them to do it or for people to help them do it," he asks, "why do we think that people who want to do the same thing in this...