Word: lewises
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Kenneth Lewis' days as chief executive of Bank of America may finally be numbered. Observers and investors say a settlement with the Securities and Exchange Commission may ultimately cost Lewis the top job at the nation's largest bank.
On Monday, the bank agreed to pay $33 million to settle Securities and Exchange Commission charges that Lewis and other executives misled the bank's investors prior to its $50 billion purchase last year of brokerage firm Merrill Lynch. In a separate development on Monday, the bank also announced that...
"Clearly, we think the SEC settlement is further evidence that Lewis should go," says Sevice Employees International Union Stephen Lerner, who heads SEIU's financial-reform campaign. "It is extraordinary that Lewis has remained this long under these circumstances."
But as darkness began to envelop the stadium, the crowd's collective restless bladder suddenly became more manageable and the old men on stage suddenly remembered who they were, or at least who they once were. Soon Joel left the stage and John launched his audience through a frenzied stretch...
Hours before they were to leave office after eight troubled years, George W. Bush and Richard B. Cheney had one final and painful piece of business to conclude. For over a month Cheney had been pleading, cajoling, even pestering Bush to pardon the Vice President's former chief of staff...