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BoFA Chief Lewis: U.S. Wanted Me To Keep Quiet About Plan To Buy Merrill Lynch

BoFA Chief Lewis: U.S. Wanted Me To Keep Quiet About Plan To Buy Merrill Lynch

Federal Reserve Chairman Ben Bernanke and then-Treasury Department chief Henry Paulson pressured Bank of America Corp. to not discuss its increasingly troubled plan to buy Merrill Lynch & Co. -- a deal that later triggered a government bailout of BofA -- according to testimony by Kenneth Lewis, the bank's chief executive.

 

Craigslist CEO: Crooks Who Use Site Will Be Caught

Craigslist CEO: Crooks Who Use Site Will Be Caught

Violent crimes linked to Craigslist ads in Minnesota and Boston have made headlines, but CEO Jim Buckmaster said the site is an 'extremely unsafe venue for criminal activity because you're virtually guaranteeing that you're going to get caught.'

 

MySpace CEO Departure: The Email To Employees

Here's the email that Jonathan Miller, News Corp.'s CEO Digital Medial, sent to all Fox Interactive employees about the departure of MySpace cofounder and CEO Chris DeWolfe. DeWolfe is gone.

 

Fannie Mae chief tapped to head U.S. bank rescue

The executive chosen to lead Fannie Mae through a government takeover has been tapped to oversee the $700 billion rescue of the ...

 

Pressure mounts on BofA CEO before annual meeting

Two influential investor advisory groups sharply rebuked Bank of America Corp Chief Executive Kenneth Lewis over his handling of the buyout of ailing Merrill Lynch & Co, recommending he be thrown off the bank's board at its upcoming annual meeting.

 

ATT Chief Presses to Keep iPhone

AT&T's exclusive deal to carry the iPhone in the U.S. expires next year, according to people familiar with the matter, and Mr. Stephenson is now in discussions with Apple Inc. to get an extension until 2011.

 

House passes bill to limit executive pay

House passes bill to limit executive pay

The House of Representatives is considering legislation Wednesday that would grant Treasury Secretary Timothy Geithner the authority to ban future "unreasonable and excessive" compensation at companies receiving federal bailout money.

 

Ousting bailed-out U.S. bank CEOs an option: Geithner

U.S. Treasury Secretary Timothy Geithner said on Wednesday he would consider forcing out chief executives of banks that receive government bailouts if they were not managing their businesses properly.

 

Ouster Worries Bank Executives

Ouster Worries Bank Executives

Bailed-out banks take notice after Obama adopts hard line with Detroit, forces GM CEO to resign.

 

Alaska Air CEO earned $1.6M in 2008

The chairman and chief executive officer of Alaska Air Group Inc., William S. Ayer, received total compensation valued at $1.6 ...

 

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