Word: neel
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Dates: during 2000-2009
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Family-owned business houses, especially the big ones, like to project an image of unity. And yet they are often driven by internecine rivalries. Neel Chowdhury, a Time contributor, fashions a perceptive novel, The Inheritors, out of that promising and, remarkably, all-but-ignored raw material. The clan in question, India's Lohias, is fictional, but anyone who has followed the tangled histories of Asia's real-life business dynasties will recognize some family lore and a few choice rumors...
...exec Josh Bolten. Goldman's current boss, Lloyd Blankfein, was invited to participate in meetings with the Fed. AIG's Liddy is a former Goldman director and an ex-CEO of Allstate. Another alum, Mark Patterson, once a Goldman lobbyist, serves as chief of staff at the Treasury, while Neel Kashkari, who runs TARP, was a Goldman vice president...
...with reporting by Neel Chowdhury/Singapore, Natalie Tso/Taipei and Jennifer Veale/Seoul
...Treasury has handled the first stage of the $700 billion financial-rescue plan. In a hearing on Wednesday, members of the House Financial Services Committee said the Treasury has not done enough to slow foreclosures, increase bank lending or protect taxpayers' money. Lawmakers questioned Assistant Treasury Secretary Neel Kashkari on why his agency had not yet hired an outside firm to help manage its investments. They also wanted to know whether the Treasury Department had set a limit on executive compensation at the firms in which Treasury has invested, which lawmakers say was required in the early-October bill. Lawmakers...
...Kashkari a chump?' REPRESENTATIVE ELIJAH CUMMINGS, questioning Neel Kashkari, manager of the Treasury Department's $700 billion rescue plan, after bailout recipient AIG spent $503 million on executive bonuses...