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...very rare when you split the chairman and CEO position for the top executive to stay in place," says Paul Miller, who follows Bank of America at FBR Capital Markets. The executive's performance during the financial crisis has come under increasing scrutiny in the past few months. At the center of the criticism, and the SEC complaint, is the way Lewis handled the Merrill Lynch acquisition. Lewis and his executives hammered out the details of the multibillion deal to buy Merrill over the course of a single weekend during the worst of the financial crisis. Quickly, it became apparent...
...addition, say the authors, if kids watch TV too close to bedtime, their minds may remain stimulated just enough to keep them awake and miss out on precious hours of sleep. Cutting short a good night's slumber, past research suggests, can lead to weight gain and hypertension, since the body's metabolism doesn't have enough opportunity to recharge and renew itself overnight...
...past, the sentiments of the bazaar were crucial. The story of the 1979 Islamic revolution cannot be told without recounting the numerous times bazaars in all major cities went on strike to protest the Shah's autocratic rule. The family networks of bazaaris as well as their business networks were so intertwined with the Shi'a clergy that Iran experts spoke of the "bazaar-mosque" alliance as the main reason for the toppling of the Pahlavi monarchy. But is that alliance still holding strong in the wake of the largest protests in Iran since 1979? Could opposition leader Mir-Hossein...
Mousavi's supporters are trying to get the bazaar on his side. One of the marches in the weeks after Iran's June election went from Imam Khomeini Square past Tehran's main bazaar. According to a witness, thousands of bazaaris closed their shops so they could stand outside and watch hundreds of thousands of green-clad protesters silently walk by. In fact, the route had been designed to draw Iran's merchants and workers into the growing opposition coalition to make it seem as if it had the support of Iran's commercial sector...
Some observers, however, believe the power of the bazaaris as a whole has been slipping. As Iran's economy slowly re-entered the global economy over the past 20 years, certain bazaar members made out well as long as they could maintain special relationships with the government, which handed out licenses to import and export goods and gave more favorable exchange rates to certain traders. But ironically, as postrevolutionary Iran's economy diversified, with malls sprouting up in Tehran neighborhoods that catered to the tastes of an expanded middle class, the bazaar may be slowly losing its central place...