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...than two years ago was not effective. The results of the turnover were, by almost any measure, a failure. Chuck Prince at Citi was replaced by Pandit, who is considered a well-meaning dolt by most people. Stan O'Neal of Merrill Lynch was replaced by former NYSE CEO John Thain. Thain made the error on more than one occasion of saying the worst was behind Merrill only to end up selling the company to Bank of America (BAC). Thain became enmeshed in the controversy over whether he properly disclosed Merrill's fourth quarter financial condition...

Author: /time Magazine | Title: In Favor of Not Firing Bank CEOs | 4/20/2009 | See Source »

...time we change the paradigm from "too big to be allowed to fail" to "too big to be allowed." John Carlson, LITTLE RIVER...

Author: /time Magazine | Title: AIG's Bad Reverberations | 4/20/2009 | See Source »

...profitable company to the highest bidder to help pay back taxpayers. The good news is that we are reversing our ill-advised name change, dropping AIG Retirement in favor of our original name. But what am I supposed to do with all my AIG-embroidered hats, shirts and jackets? John Wilkins, APTOS, CALIF...

Author: /time Magazine | Title: AIG's Bad Reverberations | 4/20/2009 | See Source »

...squared off against the Crusaders (3-11, 0-6 Patriot) in a non-league matchup. After a slow start, the Harvard attack struck early and often to stop its losing ways. “I thought the guys played hard,” Harvard coach John Tillman said. “[We] didn’t always execute, play very smart or efficiently, but sometimes you have to be good enough just to work hard and grind it out.” The scoring began less than two minutes into the first period on Cohen’s first goal...

Author: By Timothy J. Walsh, CRIMSON STAFF WRITER | Title: Harvard Snaps Losing Streak With Big Win | 4/19/2009 | See Source »

...shows online. Peter Sunde, Fredrik Neij, Gottfrid Svartholm Warg and Carl Lundstrom were sentenced to a year in jail, and ordered to cough up $3.6 million to a raft of entertainment firms - from EMI to Columbia Pictures - bilked, said the court, out of valuable revenues. The decision, said John Kennedy, boss of the International Federation of the Phonographic Industry, which represents the global music business, was "good news for everyone ... making a living or a business from creative activity and who needs to know their rights will protected...

Author: /time Magazine | Title: The Pirate Bay Guilty of Breaching Copyrights | 4/17/2009 | See Source »

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