Word: sentelis
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...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...
...There are other apparent inconsistencies with Lewis' claim that Bank of America had little part in determining Merrill's bonuses. For example, in mid-December Bank of America senior vice president Randall Morrow sent a letter to Merrill's general counsel saying that it was the bank's understanding that the bonuses had been reduced to $3.57 billion. What's more, a former senior Merrill Lynch executive told TIME.com, before the bonuses were actually distributed in late-December a member of Bank of America's human-relations department "went over, line by line" the bonuses that were to be paid...
...turn in the paperwork necessary to appear on the ballot for November’s Cambridge City Council election, five-term incumbent Councillor Marjorie C. Decker is attempting to become the first candidate in recent history to wage a successful write-in campaign.On Wednesday, Decker, a Cambridge native, sent an e-mail to supporters asking for backing and donations and explaining her sticker campaign, which distributes stickers with her name on them so that voters can affix them to ballots.In addition to hiring an attorney to ensure that all goes smoothly on and after election day, Decker has worked...
Iannuzzi once again sent in an application to Harvard, and again he was disappointed. This time, he was directed to Western Reserve Academy, a prep school in Ohio, and told to reapply the next year. But Iannuzzi stayed determined, and spent the year building up his academic profile...
...seething young students. They have reasons to be fearful. The government shut down campuses early because of the presidential election, but students nevertheless led the mass protests that followed the announcement of the results. Roughly half of Tehran's students are from out of town, and these students were sent packing in mid-June. They are now streaming back to start the new school year, swelling the size of the student population to levels not seen since the election. The government is already hinting that it may shut down universities for the entire fall term. (See pictures of the turbulent...