Word: unitization
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...real name not be used because his company is in financial difficulty and he may leave the country.) Helicopters circled the event "as if David Beckham had arrived at the airport," he says. Inside, Mohamed put a down payment on an apartment, walked out the door, and sold the unit to a Russian man on the street for double his purchase price. The man paid cash. In just 20 minutes Mohamed had made $408,000. The lesson: "In Dubai, you can throw your ethics and economics textbooks right out the window, because the rules just don't apply...
...excuse for what Steven Green did," defense attorney Scott Wendelsdorf conceded during his closing, "but there is an explanation," which, he argued, made Green's living the rest of his life in jail without possibility of parole a more just punishment. Summarizing the horrific conditions Green's unit lived and fought under, the breakdowns in leadership it experienced and the fact that Green's superiors knew he was obsessed with killing Iraqi civilians yet kept him on the front lines, Wendelsdorf said, "The United States of America failed Steven Green. And that would not amount to a hill of beans...
...Frederick, a former editor at TIME, is writing a book about Green's unit, Black Hearts: One Platoon's Disintegration in the Triangle of Death and the American Ordeal in Iraq, which is to be published in spring 2010 by Harmony Books...
...were so blessed, my brother and I, because we had everything you needed. It had nothing to do with money, but we had two parents who loved us, a father that had a steady job all of his life. We had a strong external family unit. I grew up with grandparents and uncles and aunts. People didn't go to college, but you had Christmas dinner together. You know, they were just this huge, strong support system. The neighborhood that I lived in wasn't wealthy, but it wasn't crime-ridden, so you could play in the streets...
David Bliss, head of consulting firm Oliver Wyman's board-advisory unit, says he has been busy and has received more calls from large financial firms in the past few months. Nonetheless, Bliss says the most troubled banks may have a tough time finding willing and able directors. He says it's harder today to find people to serve on corporate boards, in part because Sarbanes-Oxley has increased the work that board members must do. But Bliss says the biggest thing that keeps people from serving on a bank board is the social risk. "No one wants...