Word: resigns
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...once they are matters of public record. Justice Hugo Black's brief, youthful membership in the Ku Klux Klan did nothing to shape his judicial philosophy; yet when Black's Klan affiliation was revealed shortly after his appointment to the Supreme Court, he was almost forced to resign. Nelson Rockefeller had a possible shot at the Republican presidential nomination in 1964. But he was removed from contention when he divorced his wife of 18 years to marry a mother of four, who lost custody of her children by choosing to marry Rocky...
...Senator Kennedy has related what happened-he admitted that his conduct after the accident was indefensible. He pleaded guilty in court. He went to the people he represents and asked their help in deciding whether or not to resign. His constituents have advised him that they wish him to continue as their Senator. The matter should be closed. The only unanswered questions are those that are either by their nature unanswerable or by their implication unworthy of consideration...
...major firms have run into severe difficulties. Heavy losses in both stocks and bonds last month forced Nuveen Corp. to arrange a major infusion of capital from Paul Revere Life Insurance Co. Nuveen had to resign its memberships in both the New York and American Stock Exchanges, which prohibit member firms from borrowing more than 25% of their capital from the outside. Though Nuveen plans to continue its brokerage activity through the Midwest Exchange, which has more lenient rules, the firm has laid off some 10% of its 450 employees. Meanwhile, McDonnell & Co., beset by financial and operating problems, recently...
...charge of leaving the scene of an accident. That night Kennedy went on all-network TV to tell his story of what happened before and after the accident and to make an artfully emotional appeal for the guidance of the Massachusetts electorate as to whether he should resign from the Senate...
...shoulder the blame for what happened: "I regard as indefensible the fact that I did not report the accident to the police immediately." At the same time he was obviously also begging to be excused. "I would understand full well why some might think it right for me to resign. I ask you tonight, the people of Massachusetts, to think this through with me. In facing this decision, I seek your advice and opinion. In making it, I seek your prayers...