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Chase asserts that its withdrawal was normal procedure. The bank withdrew the $250 million when it "became concerned about the lack of transparency to some questions we posed as part of our review," said Chase spokeswoman Kristin Lemkau in a January 2008 New York Times article. A Chase spokesman did...
Edward Libby, AIG's government appointed CEO, has argued that these were retention bonuses, contractually guaranteed to employees who remained with the company. It has been further argued, on his behalf, that the bonuses are exempted by the American Recovery and Reinvestment Act, which provides that restrictions on bonuses do...
The new rules should ease financial pressures and make races much closer. From this season the cost of engines sold to independent teams will be slashed by half and in-season car-testing has been banned. Further changes are set for 2010; proposals set out this month by the FIA...
Engines Drivers will be limited to eight engines for the season - with teams allowed a further four for testing - and reduced rev levels
That something was apparently communication. The decision to pull Spain's troops from Kosovo seemed to be made both suddenly and without previously discussing it with Spain's allies. NATO Secretary General Jaap de Hoop Scheffer expressed his disapproval on Friday. "Any significant change in the size or structure of...