Word: lynch
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...issue price on the stock was $20 a share, and the offering was the biggest real estate deal ever. There was no trouble lining up buyers. Says one Merrill Lynch broker: "We did not even have to solicit people. They called in and said they wanted some of the shares of this great landmark...
...part, since that wonderful November Saturday, I have suffered some serious changes in fortune. I encountered my first lynch mob, USA Today went up to 50 cents, and my three "locks" for divisional titles--the Tigers, Twins and Padres--are an aggregate 43 games out of first...
Bell's report criticized 15 executives in particular, and Hutton promptly announced plans to discipline 14 of them. Three senior officials will leave the company: Thomas Lynch, a vice chairman; Thomas Rae, chief legal counsel; and Thomas Morley, a senior vice president in charge of cash management. Lynch, however, will keep his director's post and continue to receive full pay; Rae will retire early. Two mid-level executives will be officially reprimanded, three regional managers will be suspended for 30 days without pay, and six branch managers will be fined between $25,000 and $50,000. The payments from...
...Hutton with fuzzy personal responsibilities. No one, for example, was willing to admit being the immediate boss of Morley, the cash manager. Wrote Bell: "Morley is now an orphan, seemingly lost or at least in limbo along with his corporate function." Even so, the investigator found fault with Lynch because "he should have been aware of potential abuses of overdrafting...
...five justices on the Mass court agreed that the actual risk was not great. In his dissenting opinion, Justice Neil L. Lynch wrote that the ban itself was not based on substantial evidence. "It is unmistakably clear that the [Cambridge] commissioner's action is not supported by substantial evidence," wrote Lynch, adding that the ban was issued even before any studies of the plant had been completed...