Word: hanks
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...baseball stars barry bonds and Mark McGwire used illegal steroids, they deserve to be in a Hall of Shame [March 28]. But perhaps one good thing will come from this scandal: a greater appreciation for home-run king Hank Aaron, a man of decency and dignity and a record holder worthy of a child's adulation. Thirty-one years after breaking Babe Ruth's record for most career homers, Aaron still remains in his shadow. How ironic that it might be Bonds' downfall that finally allows Aaron to emerge. It's about time...
Sunday, April 10. Thanking Hank: A Salute to the Piano Master, featuring the Harvard Jazz Bands, Hank Jones on piano and Joe Lovano on saxophone, with the Harvard Jazz Bands. 7 p.m. Sanders Theater. Regular tickets $15. Students and senior citizens $8. Tickets available at the Harvard Box Office...
...trust-me CEO took another bullet last week, when American International Group (AIG) fessed up to improper bookkeeping in a deal with a unit of Warren Buffett's Berkshire Hathaway. AIG severed ties with its iconic former CEO Maurice (Hank) Greenberg. But it is Greenberg's link to the even more lionized Buffett that's causing the biggest stir...
...accountability of all sorts. Former Boeing chief Harry Stonecipher recently lost his job for having an affair with a company employee. Disney's Michael Eisner and Hewlett-Packard's Carly Fiorina lost their posts for poor performance, and AIG directors just forced out the firm's longtime chief, Maurice (Hank) Greenberg (see "Another Titan Takes a Tumble," above), as the company's legal woes mounted. WorldCom's collapse hit directors where it counted: their wallets. Last week 11 former directors agreed to pay $20 million of their own money to settle a class action by investors. "Any time...
...prickly side of "Hank" Greenberg helped bring his reign to an end last week. Faced with continuing probes by the Securities and Exchange Commission (SEC) and New York attorney general Eliot Spitzer, the AIG board thought it best to stop antagonizing regulators and pushed Greenberg, who will turn 80 in May, to resign. Otherwise he might have survived the mess, which centers on a deal that AIG cut with General Re, a company that insures insurers. Investigators say AIG bought insurance from Gen Re and accounted for it in a way that overstated revenue...