Word: lewises
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A case in point is the conversation that Ken Lewis, CEO of Bank of America (BAC), says that he had with former Treasury Secretary Henry Paulson. According to information released by NY State Attorney General and governor-in-waiting Andrew Cuomo, Lewis was threatened by Paulson who told him that...
What has been left out of the news reports about the strong-arming of Lewis is whether it was ethical. It may have been the only approach to take in Paulson and Bernanke's views. The SEC may claim that the action was not legal because Lewis had an obligation...
About 1,000 homes will be enrolled in an advanced trial that will turn them into smart buildings, with smart control panels and thermostats that will help manage electrical loads and reduce energy use during peak periods. (One of the biggest potential benefits of the smart grid is the ability...
Citigroup (C), Goldman Sachs (GS), and Wells Fargo (WFC) had better-than-expected earnings. The banking sector was supposed to spend the balance of this decade feeling around in the dark and finding nothing but more bad assets and little revenue from what had been an investment banking goldmine fueled...
The villains in this saga are not sorry. Almost 70 years ago, C.S. Lewis wrote that "the greatest evil is not done in those sordid dens of evil Dickens loved to paint but ... in clear, carpeted, warmed, well-lighted offices, by quiet men with white collars and cut fingernails and...