Word: holding
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...asked the CEOs if they thought that Wall Streeters should get a portion of their compensation in the products they were selling to customers, like mortgage bonds or stocks. In late 2008, investment bank UBS instituted such a plan. The executives, however, said forcing banks and other employees to hold on to products they were selling would cause conflicts of interest and limit their ability to do business. Instead, the executives said they instituted so-called clawback provisions, which allow banks to reclaim compensation from bankers who sell products that cause the firm losses down the road. Because of time...
Galluccio was sentenced to a year in jail after violating his probation for a hit-and-run accident by failing a series of breathalyzer tests. After Galluccio resigned his seat last Tuesday, Senate rules gave Murray 14 days to determine whether to hold a special election...
...plateau is the best we can hope for and that the next step - the trip down the other side of the weight mountain - will never happen. "That's an up-in-the-air question now," concedes Ogden. Dietz is a bit more optimistic, saying the saturation theory does not hold up because children and adults have plateaued at such different points. "You can't argue that adults will saturate at one rate and kids at half that rate," he says. (Watch TIME's video about exercising with a hula hoop...
...cancellations led Garson to look further afield. At one point the concert was to be held at the U.N. office in Geneva, but that, too, was cancelled, leading him to search in the Middle East. Eventually, his work took him to China, where he believes he was destined to hold the concert all along. "Things happen for a reason," he says...
...Preparations, meanwhile, are under way to hold the country's first automated elections. Some 50 million voters will elect a new President, nearly 300 lawmakers and 17,500 local government officials. Voters hope a swift and transparent electronic vote count will replace the arduous manual tally that has traditionally lasted several weeks and offered considerable scope for cheating. "We may be able to modernize the way we vote ... but can we really claim progress if some of us still resort to the Stone Age practice of just bludgeoning opponents," presidential candidate Manuel Villar told reporters. Over the past three weeks...