Word: fifth
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...Bank of America and Citigroup are not alone in needing to make changes. At Wells Fargo, only four of that bank's 17 independent board members have a background in the financial-services industry. And even among that group, only two have been executives at a bank. Fifth Third Bancorp, which was deemed to need an additional $1.1 billion in capital in the government's recent stress test, has no independent directors on its board with prior experience working at a bank. Two of its board members do have financial-services experience, but with insurance companies. At JPMorgan Chase, none...
...Masika Bermudez says she plans to sue the DeKalb County School System for a "substantial amount" for alleged negligence involving her 11-year-old son, Jaheem Herrera, who hanged himself in his bedroom closet on April 16. Bermudez says she complained to officials at Dunaire Elementary School that the fifth-grader was being taunted by bullies who called him "gay" and a "snitch" and who once put him in a sleeper hold in a school bathroom. (See pictures of a diverse group of American teens...
...reunification process by the political decision to exchange its currency for West German marks at the rate of one-to-one. Haimann, of the Halle Chamber of Commerce, thinks that was a crucial error. The true value of the old East German mark was just one-fourth or one-fifth of the West German currency, so when it was swapped in 1990 at parity, the competitiveness of the local economy took a nosedive - compounded by a quick doubling of wages in the east following reunification later that same year. "There was a revaluation by a factor of eight. Which industry...
APPROVED On May 6, Maine became the fifth state to legalize gay marriage, while Washington, D.C., agreed to recognize same-sex unions performed elsewhere...
...merchandise they do and to refresh it so often) and big parcels of real estate aren't easy to find in Japanese cities. Forever 21 president Alex Ok said that the search for the site, which at 19,000 sq. ft. (1,800 sq m) is still just one-fifth of the size of a store planned for New York City's Times Square, began a year ago. But he found what he was looking for, and is confident he can tap into the new Japanese frugality. "A Gucci handbag and a Forever 21 top," says...