Word: resignable
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...Hank" Greenberg helped bring his reign to an end last week. Faced with continuing probes by the Securities and Exchange Commission (SEC) and New York attorney general Eliot Spitzer, the AIG board thought it best to stop antagonizing regulators and pushed Greenberg, who will turn 80 in May, to resign. Otherwise he might have survived the mess, which centers on a deal that AIG cut with General Re, a company that insures insurers. Investigators say AIG bought insurance from Gen Re and accounted for it in a way that overstated revenue...
...Tuesday’s meeting, Anthropology and African and African-American studies professor J. Lorand Matory—fiercest of the Faculty’s warriors—strode outside in triumph to tell the press that “there is no noble alterative to [Summers’] resignation.” In case you hadn’t gotten the message, Matory added a TV-ready soundbite: “Larry Summers should resign as president of Harvard University.” Pardon me for asking, but: resign for what, exactly...
...founded in 1974 to manage the endowment, pension assets, working capital, and deferred giving accounts of the University. The size of the endowment alone represents a substantial amount of influence in public policy and social responsibility. In January 2005, Jack R. Meyer announced his plans to resign as president of HMC, indicating that there will be a vacancy in one of the most powerful positions at Harvard. As members of the Harvard community, it is our responsibility to pay attention to who is selecting Meyer’s successor. James F. Rothenberg, treasurer of the University and chairman...
...still unclear what the future holds for Summers, but immediately after the meeting, many professors said they do not think the president will resign as a result of the votes...
...guess is that President Summers will not resign,” Mendelsohn said after the meeting...