Word: pay
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...Crucially, he has managed to win over key players in the travel industry. Airlines and others have long been skeptical about attempts by France and some others to levy compulsory taxes on airline tickets to pay for development aid. But the reception to this initiative has been friendly, because the donations are voluntary. "Travel is already taxed pretty highly," says Gordon Wilson, the CEO of Travelport GDS, which runs two big reservation systems, Galileo and Worldspan. But asking people if they are willing to donate is a different issue: "The overall response is that it makes people feel good about...
...issue of Lewis' honesty resurfaced this week when a judge in U.S. district court rejected a proposed settlement struck between Bank of America and the Securities and Exchange Commission (SEC) over Merrill bonuses. The SEC and Bank of America had earlier agreed that the bank would pay a $33 million penalty to settle an investigation into whether it misled shareholders about year-end payouts on the eve of a vote to approve the merger. As part of the proposed settlement, Bank of America neither admitted nor denied that it had done anything wrong...
...Judge Jed Rakoff, in striking down the settlement, said fining the company - and thus its shareholders - for a misdeed of management was misplaced. "This proposal to have the victims of the violation pay an additional penalty for their own victimization was enough to give the court pause," wrote Rakoff in his decision...
...Though many questions remain, here's what is known about Lewis' involvement in the Merrill deal. In a proxy statement Bank of America sent out to investors seeking approval of its acquisition of Merrill Lynch, the bank said that Merrill would not pay year-end bonuses without Bank of America's consent. But according to the SEC, Bank of America had already agreed to allow Merrill to pay $5.8 billion in bonuses. Telling shareholders that Merrill still had to seek approval, and omitting mention that bonuses had been agreed upon, was, according to the SEC, "materially false and misleading...
...Americans, including childless adults who have previously not been eligible for the program. Medicaid, however, has always been a partnership between the states and the Federal Government, and Baucus wasn't willing to absorb all of the costs of expanding the program. Under his proposal, the Federal Government would pay most of the new Medicaid costs: at least 80% in wealthy states like Connecticut and up to 95% in poorer ones like Mississippi...