Word: remains
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...first rationale for allowing executives like Lewis and Pandit to remain where they are is that the series of financial company CEO firings which took place less than two years ago was not effective. The results of the turnover were, by almost any measure, a failure. Chuck Prince at Citi was replaced by Pandit, who is considered a well-meaning dolt by most people. Stan O'Neal of Merrill Lynch was replaced by former NYSE CEO John Thain. Thain made the error on more than one occasion of saying the worst was behind Merrill only to end up selling...
...don’t believe [the change in hours] was a direct repercussion of the current economic situation.” The impact of this change on undergraduate User Assistants—FAS IT’s student employees who staff the help desk and the clinic—remain unclear. Selsby denied that the economic crisis has significantly affected student employees, adding that the eliminated shifts were often left unstaffed after the lottery process used to assign shifts at the beginning of each semester due to student preferences. Selsby indicated that FAS IT will prioritize its infrastructure and provided...
...cost of construction is a part of the FAS budget, and thus the four omnipresent cranes that tower over the new Allston science complex will remain idle for the indefinite future. They are behemoths hanging over residents and a constant reminder of the project there, which, for residents like Jake, has recently taken a particularly insulting turn. Not only did Harvard rush through the approval process to build the center, but the university also blasted a huge hole into the ground, displacing the rat population of the entire area...
...accusations made by the New York State Attorney General and Securities and Exchange Commission. While Rattner has not been charged with anything, he was an executive at the firm during the time the alleged misdeeds took place and reportedly may have met with those accused of criminal activity. Details remain scant, but the case involves payments to people who helped make business connections between Rattner's firm and the New York State pension fund. The Obama Administration claims it was aware of the pending investigation when it appointed Rattner. (See 25 People to Blame for the Financial Crisis...
...foreigners. Japan, with its aging population that is projected to shrink by one-third over the next 50 years, needs all the workers it can get. The U.N. has projected that the nation will need 17 million immigrants by 2050 to maintain a productive economy. But immigration laws remain strict, and foreign-born workers make up only 1.7% of the total population. Brazilians feel particularly hard done by. "The reaction from the Brazilian community is very hot," says a Brazilian Embassy official. The embassy has asked Japan's Ministry of Health, Labor and Welfare to "ease the conditions" of reentry...