Word: let
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...Merrill - specifically about the year-end bonuses paid out to Merrill employees despite the investment bank's huge 2008 losses. Bank of America shareholders have already voted to remove Lewis from the post of chairman in part because losses at Merrill turned out to be worse than Lewis let on. But that has failed to put the issue to rest. (See 25 people to blame for the financial crisis...
...Those conflicting statements could be part of any charges brought by Cuomo, who would also likely look to prove that Bank of America played more of a key role in determining Merrill's year-end pay than its executives have let on. One possible bit of evidence: according to documents drawn up at the time of the acquisition, Merrill Lynch agreed that 40% of the bonuses it paid would be determined "by [Merrill] in consultation with [Bank of America...
...Whatever the penalty, though, if Lewis is found to have lied about facts surrounding the Merrill merger, it is likely that the board will be forced to let him go. "Judge Rakoff is saying that executives need to be held accountable for the decisions they made," says Corporate Library's Minow. "I think heads will roll for this...
...role, [for] the first couple games at least, is to manage the offense, take care of the ball, and just let the guys around us make all the plays,” Winters says...
...categories for clothes inspired by Maori culture and for deeply sculptural garments, incorporating pleating, wrinkling and crimping. Recycling has been a common theme among this year's entries, which include pieces constructed from used neckties, old sofa parts and worn-out bicycle tires. Canadian designer Angela Bright has created Let Them Drink Tea - a dress inspired by 18th century French court excess but made with tea bags and coffee filters...