Word: lynching
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...Crimson also won the 800-yard freestyle relay, a combined effort from senior Rick McKellar, sophomore David Lynch, and freshmen Ryan Cutter and Brendan McIntee. Navy again finished second in the event, losing by a tenth of a second...
Furthermore, the Federal Government's big loan-modification effort - abbreviated as HAMP - does little to help such borrowers since in many cases lenders will recoup more by foreclosing (the test any loan modification must pass). A recent Bank of America Merrill Lynch study of loan modifications at IndyMac, which provided the template for broader modification efforts, found that about 20% of subprime loans had been rewritten, while fewer than 8% of option ARMs got reloaded. (See pictures of TIME's Wall Street covers...
...position to pivot off of whatever health care reform plan emerges from Congress. His strategy? Return to basics: strong leadership, better customer service and refocusing on what the $95.9 billion company has always done best--supply-chain management. "This is an entirely different company," says Mike Lynch, who heads Cardinal's medical-supply unit. "We've seen a much needed reinfusion of capital into our core businesses, a clarity of vision, a renewed sense of purpose. The optimism is palpable...
Perhaps the feeling of family that used to be felt at the firm formerly nicknamed "Mother Merrill" is the strongest at Deutsche Bank. The German financial-services firm has hired more than a dozen Merrill Lynch bankers, including brothers David, Eric and Seth Heaton. Eric Heaton used to be the treasurer of Merrill Lynch. Many of the other bankers that Deutsche hired were in Merrill's financial-institutions group, which provided underwriting and mergers-and-acquisition advice to other banks and asset-management and insurance firms...
Ironically, despite their being at a firm that needed a lifeline at the height of the financial crisis, many former Merrill Lynch executives have ended up in what most of us would consider to be lucrative jobs. Last June, top Merrill Lynch investment banker George Young was hired by Lazard to be a vice chairman of its U.S. investment bank. Lazard paid its employees an average of $505,000 in 2009, slightly more than Goldman Sachs. Young, most likely, got considerably more. Thain, for his new job, will be getting an annual salary of $6 million, of which...