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...reverse what is now viewed as bad judgment on the part of the compensation committees is to try to get some of the money back. NYS Attorney General Andrew Cuomo says he may try to use legal action to recover some of the money paid to Merrill Lynch employees. Senator Chris Dodd wants to go into court immediately...

Author: /time Magazine | Title: How the Government Missed All Those Wall St. Bonuses | 1/30/2009 | See Source »

...Such a view has little traction for Hazlett Lynch, who stood silently at the back of the conference room, holding aloft a black-and-white photograph of his brother. Kenneth Lynch, a policeman, was 22 years old when he was shot in an IRA ambush in 1977. "I find these proposals totally repugnant", says Lynch. "How can they equate my brother's life with the people who killed him in cold blood?" He adds: "We want justice for what happened. We don't want to be bought...

Author: /time Magazine | Title: N. Ireland Peace Proposal Draws Outrage | 1/29/2009 | See Source »

...hearing, the soft-spoken Schapiro bristled at media reports that she "infrequently" pursued tough action against big Wall Street names, saying the stories painted an "unfair picture." While chief at FINRA, she countered, her team handled 15,000 enforcement cases, including big names like Morgan Stanley, Citigroup, Merrill-Lynch and Lehman. "I have never been afraid to go after people I thought who have violated the public trust...

Author: /time Magazine | Title: Can Mary Schapiro Revitalize the SEC? | 1/27/2009 | See Source »

...Crimson, touching the wall in 1:33.55. Three of the relay members were victorious in the individual events as well. Newell won the 200-yard breaststroke in 2:15.87, while Melillo took the 100-yard breaststroke in 58.51. Rounding out the order, Jones squeaked by co-captain Eric Lynch in the 200-yard freestyle, finishing in 1:40.77. The Crimson also boosted its score through the victories of junior Mason Brunnick in the 1000-yard freestyle, freshman Niall Janney in the 100-yard backstroke, and sophomore Blake Lewkowitz in the 200-yard butterfly. The three Harvard swimmers finished in times...

Author: By Alexandra J. Mihalek, CRIMSON STAFF WRITER | Title: Harvard Wins ‘Iron Man’ Meet | 1/27/2009 | See Source »

John Thain's swift departure as head of Bank of America's (BofA) Merrill Lynch unit after a 15-minute dustup with his boss, CEO Ken Lewis, is a consequence of friction that occurs when conflicting business maxims come into contact. And the fact that Thain must really love...

Author: /time Magazine | Title: The Deeper Truth About Thain's Ouster from BofA | 1/25/2009 | See Source »

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