Word: crisises
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His current task may be even more complex. Feinberg's mid-October report reassessed not only what the top 25 executives of each of the seven firms that received the most government assistance should be paid but also how. Unlike his job with the 9/11 fund, Feinberg's position as...
Feinberg's big changes are in the form of payment, particularly on Wall Street. Gone are year-end payouts and AIG-style guaranteed retention awards. Instead, he devised a method of compensating executives: something he calls salary stock. Each pay period, the executives at Bank of America, GM and the...
The U.S. had from the start condemned the coup and backed Zelaya's restoration. But in recent weeks it toyed with the idea of letting the international community oversee next month's election, bless the winner and then broker a deal to restore Zelaya afterward, until his term ends Jan...
Honduras has hardly exited its bitterly polarized crisis. Even if Zelaya is reinstated, his powers will be significantly limited by some sort of unity government. Moreover, Micheletti and other coup leaders still feel Zelaya should be prosecuted for defying a Supreme Court order not to hold a referendum on constitutional...
Many Latin American governments, including Venezuela and its leftist bloc, had criticized Obama in recent months for seeming cowed by that GOP faction. But if the Honduras crisis ends successfully, it could steal thunder from the Chavez bloc and its anti-Washington agenda - and U.S. policy in Latin America might...