Word: recentered
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Traditionally, banking experience was never a major criterion for becoming a board member at the nation's largest financial-services firms. Banks and other financial-services firms have long filled their boards with nonfinancial executives, be they industrial chiefs, heads of nonprofits or professors. That's been changing in recent years, especially with the passage of Sarbanes-Oxley, which sought to strengthen corporate boards. But apparently the changes have not gone far enough. (See pictures of the stock market crash...
...part of the recent stress tests, regulators said they plan to review the boards of the nation's largest banks. The 10 banks that were deemed in the test to not have enough capital were given until June 8 to present Treasury with a plan for how they will raise the required funds. Besides reviewing the plans, government officials have said they plan to weigh in on whether they think the banks' leadership is adequate as well. One of the main factors the government will reportedly be looking at is whether the banks have a sufficiently deep bench of financially...
...achieved through the simple demand that any claim to “donate all profits” must be followed with an actual donation—if need be, from the organization’s own pocket. Student groups could also follow Eleganza’s more recent example; for the past two years, organizers with a clearly different outlook from previous years have set aside a concrete donation as an event cost. Furthermore, student groups that advertise an intention to donate should also publicly announce the amount eventually given. Such policies would allow students to make accurate evaluations when...
...about the library,” Hamburger assured the group before asking for clarification regarding the idea of “structural change” evoked by the FAS administration. Invoking the concept of “reshaping”—something of an administrative watchword in recent weeks—Faust said she did not want to “unduly constrain” the imagination of faculty members as the six working groups charged with reviewing further budget modification draw up proposals. “I don’t want to impose...
...Harris, who also chairs the Gen Ed committee, will serve as its faculty director. The Gen Ed office will absorb its predecessor, the Core office, according to College Dean Evelynn M. Hammonds. Gen Ed committee member and Slavic Professor Julie Buckler said that Harris told the committee at a recent meeting that the new office will be in the Holyoke Center and that the administration is hoping to have offices available for teaching fellows. Harris, Kenen, Hammonds, and Core Program Director Susan W. Lewis declined to comment further. In the meantime, the fate of Core office staffers remains uncertain...