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...Bank of America's consent. AIG (AIG) may be the example that best makes the case. As the company, which has been the world's premier insurance firm posted greater and greater losses on its derivative investments, the 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...

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

...season is a marathon.It seems rather appropriate, then, that Marathon Monday takes place every year in the heart of the Crimson sailing squad’s spring schedule.With a fall season beginning at the start of the school year in early September and a spring portion finishing in early June, both the co-ed and women’s teams are faced with a rather long competition schedule. The Harvard sailors must possess great endurance in competing virtually every weekend throughout the spring, and just as the closing miles of a 26.2 mile course often prove the most crucial...

Author: By Thomas D. Hutchison, CRIMSON STAFF WRITER | Title: Sailing Begins Final Push in Action-Packed Weekend | 4/20/2009 | See Source »

Unfortunately, Suleiman and his caretaker team probably won't have enough time to make a real dent in Lebanon's political culture. Parliamentary elections scheduled for June are likely to reopen all the old wounds. Both sides seem unprepared to return to the status quo. Hizballah no longer trusts its rivals to leave the group's military infrastructure untouched. And the American-supported coalition is busy scaring voters with dire scenarios of what will happen if the Hizballah opposition wins enough seats to form its own government: international sanctions and isolation akin to what happened when Hamas rose to power...

Author: /time Magazine | Title: Can a Broken-Windows Policy Work in Lebanon? | 4/19/2009 | See Source »

...past 19 years on June 4, large crowds have gathered for candlelight vigils at Hong Kong's Victoria Park to remember the hundreds who died that day in Beijing's Tiananmen Square. This year, which brings the loaded 20th anniversary of the student political movement that began on April 15 and ended in June 1989, activists here are already busy holding discussion panels and meetings across the city. Hong Kong, with its unique political and legal traditions, is the only city under China's rule that permits activities observing the 1989 democracy movement, and has become a hub for activists...

Author: /time Magazine | Title: Hong Kong Dissidents Get Organized As Tiananmen Anniversary Draws Near | 4/17/2009 | See Source »

...Chinese leadership compound, and demanded that Hu's political standing - blemished by his removal from power - be rehabilitated. "By the time Hu's funeral came around, 200,000 students had settled in the large public square, a place that would remain the center of activities until the morning of June...

Author: /time Magazine | Title: Hong Kong Dissidents Get Organized As Tiananmen Anniversary Draws Near | 4/17/2009 | See Source »

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