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...other Bank of America executives had full knowledge of Merrill's plans to pay out bonuses to top executives. In fact, prior to sending out the proxy statement, the complaint asserts, Bank of America had agreed to let Merrill pay out as much as $5.8 billion in year-end bonuses, a little over $2 billion more than Thain actually paid out. In settling the SEC complaint - paying the fine - Bank of America neither confirmed nor denied the charges...
...Basically, the male population here loves the beauty of women. All women. And that is to be commended. Sure, using women merely as objects or a means to an end of satisfaction is deplorable, but if the men here truly appreciate the importance of the experience in its fleeting magnitude, I don’t think I can blame them, given their circumstances. I do not know the true feelings of the women on the receiving end (and whether or not they have the luxury of sleeping with whomever they deem worthy, just like the men). But if they...
...interning at an asset management firm in New York, and by the end of the next month—once Bear Stearns had wound-down the funds as officially worthless—all of my colleagues, from the most senior money managers to the lowliest analysts, had sat through a number of crash courses in our conference rooms 40 floors over Midtown, covering the inner-workings of “mortgage securitization.” This process governs how a home buyer’s payments make it from Main Street to Wall Street, and what happens when the flow...
...tell you the truth—rejection hurts, and not just the person on the receiving end...
...Jimmy Carter went for flavor, not volume, on his 53rd birthday in 1977: his single cake was pistachio, reportedly his favorite. Ronald Reagan's 1981 surprise party, by contrast, featured veal, lobster, dancing - and a dozen cakes. Two years later, at the end of a televised press conference, his wife Nancy Reagan produced a small, one-candle cake for the President and another for reporters. "You understand we won't sell out for a piece of cake," quipped Sam Donaldson, then at ABC. "Oh, you've sold out for less than that," replied the President. (See TIME's politics blog...