Word: walter
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...feeder funds. The combined suits ask for the return of over $10 billion in fraudulent profits. Picard's complaints allege the people running the funds "knew or should have known" Madoff was a fake, simply based on the exorbitant, non-stop returns they received. Suits have been filed against Walter Noel's Fairfield-Greenwich Group, which withdrew $3.2 billion since 1995, Jeffrey Picower's funds, totaling $6.7 billion withdrawn, and against Stanley Chais, whose funds took out over $1 billion since 1995. (See pictures of the global financial crisis...
...soccer history. “It solidified all the hard work our class has put in during our four years,” Rhodes said. “To finally win one, it gave us something to forever be proud of.” —Staff writer Walter E. Howell can be reached at wehowell@fas.harvard.edu...
...named Morris Weinberg opened a repair shop on busy Brooklyn Avenue in Kansas City, Mo. As he modestly prospered, fixing and selling used cars, Weinberg dreamed that his son would enter the auto business. Not used cars, though - new cars. Sleek and powerful cars, like the ones built by Walter Chrysler's company. And that's how Steve Weinberg, with his father's savings to stake him, came to open a Dodge dealership in Grandview...
...promotes the immediate needs of the troops on the front line. He fires high-ranking subordinates without muss or controversy - an Air Force secretary and chief of staff who didn't agree with him on the need to end production of the F-22 aircraft; the commandant of Walter Reed Army Medical Center, who presided over disgraceful conditions; even a well-respected general like David McKiernan, a conventional-warfare specialist unsuited for the asymmetrical struggle in Afghanistan. (See pictures of the battle against the Taliban...
...America said in early May that it, too, was looking for new directors. Regulators are reportedly pushing the bank to add more outside directors with financial-industry experience. Shareholders recently voted to strip BofA CEO Ken Lewis of his position as chairman of the board. The new chairman, Walter Massey, is heading up the committee that will revamp the bank's board...