Word: settlement
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Kenneth Lewis' days as chief executive of Bank of America may finally be numbered. Observers and investors say a settlement with the Securities and Exchange Commission may ultimately cost Lewis the top job at the nation's largest bank...
...Clearly, we think the SEC settlement is further evidence that Lewis should go," says Sevice Employees International Union Stephen Lerner, who heads SEIU's financial-reform campaign. "It is extraordinary that Lewis has remained this long under these circumstances...
...managers say that could take years - and it looks increasingly unlikely that Lewis will be able to hang on that long. In April, shareholders voted to strip Lewis of the title of chairman. Moreover, regulators have pushed the bank to replace a number of its corporate directors. The SEC settlement may be the final straw for Lewis...
...Ross is the architect of the Administration's strategy for dealing with Iran. The U.S. has been pushing for the resumption of final-status talks between Israel and the Palestinians, which stalled early in 2001, and Ross and Jones are reinforcing Mitchell's efforts to broker an Israeli settlement freeze in exchange for Arab goodwill gestures. The Israelis see Iran as a higher priority than talks with the Palestinians. The White House officially views the two issues as being on separate tracks but says the Israeli-Palestinian conflict is a key issue whose impact on the region reinforces Iran...
...Last week, as Bronx native Sonia Sotomayor testified before the Senate and President Barack H. Obama visited New York to commemorate the centennial of the NAACP, I sat on the Lower East Side, a neighborhood that has been home to immigrants for generations. I work at Henry Street Settlement, founded by Lillian Wald, an early supporter of the NAACP. She hosted the informal reception that kicked off the 1909 National Negro Conference that helped launch the century-old organization. In a stuffy office across from housing projects, I read drafts of college essays written by New York high school students...