Word: edwardic
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...paid out the bonuses, probably obtained by the employees fair and square in outrageous employment packages. No one seems to have disclosed the name of the people who signed the agreements on behalf of AIG, or who approved them in the first place. AIG's clueless CEO, Edward Libby, will go before Congress to try to explain that. (See the top 10 bankruptcies...
...table may not stay next year, but the infamous terrace definitely will. “The terrace, with a fantastic view of the courtyard, is great in the fall and the spring, where people come and play games or just hang out and drink, “ describes rower Edward W. “Teddy” Schreck ’09. This suite, which is actually made up of two regular Quincy duplex suites, has eight spacious singles, two common rooms, and two bathrooms. With a built-in bar and fairly sound-proof walls, this tri-level is definitely...
...anger, though it remains to be seen how feasible any of them are. Senator Evan Bayh, an Indiana Democrat, said he'd like AIG to enter some form of bankruptcy, "because when you go into bankruptcy, contracts are abrogated all the time." He was referring to AIG CEO Edward Liddy's claim that the bonuses were contractual and therefore had to be paid under the law. (See the top 10 bankruptcies...
...Furthermore, AIG's newly installed CEO, Edward M. Liddy, told Treasury last week that the AIG traders in question were still needed because only they could minimize the damage they had done. "AIGFP's books also contain a significant number of complex - so-called bespoke - transactions that are difficult to understand and manage," the company announced in a document sent to the Treasury by Liddy. "This is one reason replacing key traders and risk managers would not be practical on a large scale. Personal knowledge of the trades and the unique systems at AIGFP will be critical to an effective...
...Edward Y. Lee ’08-’09 is a government concentrator in Kirkland House. Weijie Huang ’09 is a government concentrator in Eliot House. Manning Ding ’12, a Crimson news comper, lives in Lionel Hall. Daniel C. Suo ’10 is a computer science concentrator in Adams House. Sean A. Li ’10 is an economics concentrator in Adams House. Joyce Y. Zhang ’09, a Crimson news writer, is a government and economics concentrator in Leverett House. Tzu-Ying Chuang...