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...board pushed out Martin Sullivan in favor of Robert Willumstad in June 2008. Willumstad was clearly at least partially responsible for the trouble at AIG since he was the non-executive chairman before being made CEO. He made a further mess of the AIG problems because he was slow to address them and was himself fired in September. His replacement, who holds the job now, is Edward Liddy, former head of Allstate. Liddy's most notable accomplishment since moving into the corner office was his ability to stand up to a withering cross examination in March about AIG's collapse...

Author: /time Magazine | Title: In Favor of Not Firing Bank CEOs | 4/20/2009 | See Source »

...million domestic range - not bad for productions that don't cost much. And they often double their North American gross in foreign markets: Transporter 3 made $32 million here, nearly $70 million abroad. So the low number for Crank: High Voltage will slow Statham's momentum, but it won't kill...

Author: /time Magazine | Title: Box Office Report: Zac to the Future! | 4/19/2009 | See Source »

...lacrosse team over Holy Cross, 11-4. Mired in a three game losing streak with defeats to a trio of nationally ranked Ivy opponents, the Crimson (6-5, 1-3 Ivy) squared off against the Crusaders (3-11, 0-6 Patriot) in a non-league matchup. After a slow start, the Harvard attack struck early and often to stop its losing ways. “I thought the guys played hard,” Harvard coach John Tillman said. “[We] didn’t always execute, play very smart or efficiently, but sometimes you have...

Author: By Timothy J. Walsh, CRIMSON STAFF WRITER | Title: Harvard Snaps Losing Streak With Big Win | 4/19/2009 | See Source »

...subglacial pond as "a unique sort of time capsule from a period in Earth's history," but it also has lessons for scientists studying Mars, an entire planet that is in many ways a time capsule too. Mars, like Antarctica, was once warm and wet, but the slow loss of its atmosphere also meant the loss of much of its moisture and surface heat. Still, the place was warm and wet long enough for life to have taken hold - life that would have then had to retreat into underground water deposits and make the same kind of hurry-up adaptation...

Author: /time Magazine | Title: An Organism Survives Antarctica, and Maybe Mars | 4/18/2009 | See Source »

...Kong-registered container ship, of the frequent hijackings he witnessed and heard of in the Gulf of Aden during his stint onboard last year. "The pirates come at you firing rocket launchers. You can outpace them if you're a fast, high-decked container. Otherwise you'll have to slow down or risk being blown up. Then they'll bring out their ladders, climb onto your deck, guns in hand, and it's all over in seven to eight minutes." Describing the passage through pirate-infested waters, he adds, "Every few minutes there's a false alarm, and the stress...

Author: /time Magazine | Title: Pirate Hostages: A Few Rescued, but Many Still Languish | 4/16/2009 | See Source »

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