Word: pays
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...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...
...Those conflicting statements could be part of any charges brought by Cuomo, who would also likely look to prove that Bank of America played more of a key role in determining Merrill's year-end pay than its executives have let on. One possible bit of evidence: according to documents drawn up at the time of the acquisition, Merrill Lynch agreed that 40% of the bonuses it paid would be determined "by [Merrill] in consultation with [Bank of America...
...available for all readers online at no cost. Though the new open-access model of online publication eliminates traditional subscription and processing fees, it maintains essential features of journal publication such as peer review and the “author-pays” model, in which the author must pay the publisher for the article to appear. The free access not only benefits readers but is especially beneficial for authors looking to expand their readership. “Open-access journals and closed-access journals operate in exactly the same way with the exception of their business models...
...Choi later helped found Knights Out, an LGBT support group for West Point graduates. Choi served as an Arabic linguist in Iraq in 2006 and 2007 before transferring to the New York National Guard in June 2008. Harvard Humanist Chaplain Greg M. Epstein said he hoped Harvard students would pay attention to the “selflessness” Choi has shown in standing up not only for himself, but for others who are or will be faced with similar situations, despite the effect it has had on his professional life. “He simply asked for an opportunity...