Word: wrongfully
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...bank would pay a $33 million penalty to settle an investigation into whether it misled shareholders about year-end payouts on the eve of a vote to approve the merger. As part of the proposed settlement, Bank of America neither admitted nor denied that it had done anything wrong...
Some inconsequential fibbing by executives is allowed - just think of all the corporate bluster you get on business TV channels. Executives can state that they believe their company has the best employees or the best strategy, even if that turns out to be wrong. But when CEOs make statements that are deemed to mislead shareholders about the state of their business, that's a securities-law violation and can be considered a criminal offense. If it is determined that Lewis made statements himself or was responsible for directing the bank to make statements that misled shareholders, he could be facing...
...measure of political correctness that technical terms lack, according to Dr. Rande Matteson, an ex-officer and professor of criminal justice at Florida's Saint Leo University. Matteson says the term is "less damaging" than dubbing someone a suspect, particularly if the police prove to be wrong in their identification. Cynthia Hujar Orr, president of the National Association of Criminal Defense Lawyers, says authorities may also use the term as a way to curry cooperation, on the assumption that an individual may be more willing to work with police if he or she is not identified in the media...
...move into the sectors the bad guys control. That is not what we're doing in Afghanistan. In addition to all the other problems we're facing - the corruption of the Karzai government, the election chaos, the porous Pakistani border - it has become apparent that we're pursuing the wrong military strategy in this frustrating war. (See pictures of a photographer's personal journey through the War in Afghanistan...
...ranks of the nation's would-be oppressors know no party. In his recent instabook - Glenn Beck's Common Sense, a huge best seller, with more than 1 million copies moved in less than four months - he wrote, "Most Americans remain convinced that the country is on the wrong track. They know that SOMETHING JUST DOESN'T FEEL RIGHT but they don't know how to describe it or, more importantly, how to stop it." The book's pox-on-both-parties populism evokes the quixotic campaigns of Texas billionaire H. Ross Perot, but with an eerie sound track...