Word: pay
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...plan - the formal name is the Car Allowance Rebates System (CARS) - called for the obliteration of both. While the ARA and Congress hashed out a compromise that salvages each automobile's drive train, ruining the engine still kills about 30% of a vehicle's recycling value. For recyclers, who pay upwards of $700 to process each vehicle before they know the condition of the model they're getting, the provision eliminates much of the upside. "It's almost like mining for gold," Wilson says. "There's a lot of sifting, and maybe it's worth it for the recycler...
...Monday, the bank agreed to pay $33 million to settle Securities and Exchange Commission charges that Lewis and other executives misled the bank's investors prior to its $50 billion purchase last year of brokerage firm Merrill Lynch. In a separate development on Monday, the bank also announced that it had hired Sallie Krawcheck, a former top Citigroup executive, to run the Merrill Lynch brokerage division as part of a management shake-up. Observers say the move frees up Brian Moynihan, who had been in charge of Merrill's divisions and has long been thought to be Lewis' successor...
...alleges that Lewis misled shareholders in advance of the Merrill acquisition, withholding information that might have caused investors to vote against the acquisition he wanted. In a proxy statement sent to shareholders prior to the vote on the deal, Bank of America stated that Merrill had agreed not to pay bonuses to its top executives until after the acquisition was closed. Shortly after completing the acquisition, Lewis fired Merrill's top executive John Thain for, among other things, paying out $3.6 billion in bonuses to Merrill's top executives just days before the Bank of America acquisition was complete. (Read...
...according to the SEC complaint, Lewis and other Bank of America executives had full knowledge of Merrill's plans to pay out bonuses to top executives. In fact, prior to sending out the proxy statement, the complaint asserts, Bank of America had agreed to let Merrill pay out as much as $5.8 billion in year-end bonuses, a little over $2 billion more than Thain actually paid out. In settling the SEC complaint - paying the fine - Bank of America neither confirmed nor denied the charges...
...Looking back on what I’ve written, I hope that I do not come across as defending male chauvinism. It is certainly not my dream to find an attractive girl in a taxi, take her home, and pay her $24 the next morning. But in a world where tomorrow could mean jail time for your mere thoughts, spending a night with a beautiful woman is hard to criticize...