“There is no book on how to handle a situation like this,” Steven Friedman, the chairman of the board of trustees for Horace Mann, told the school’s Alumni Council at a meeting in an auditorium at the school’s hallowed Riverdale campus last week.
Like Penn State and Poly Prep before it, Horace Mann was grappling Read More
Blanked: About 14 percent of investment bankers received no bonus last year, more than double the number in 2010, according to a report from the executive-search firm Options Group. Top earners saw more of their compensation deferred, with about 80 percent of total comp pushed back for bankers paid $3 million or more, compared with Read More
No wonder they lost track of client money: The two trustees seeking to recover claims against MF Global provided some fascinating detail this week on how the failed broker-dealer shuttled funds.
Louis Freeh, the trustee unwinding the MF Global parent company under Chapter 11, said the firm moved some of its risky bets on European Read More
There may come a time to boot Robert Mueller III as F.B.I. director, if Congressional and other investigations eventually prove that his removal is warranted. For now, he is in the difficult position of both defending and reforming an agency left in exceptionally poor condition by Louis Freeh, the former director whose amazing immunity from Read More
You don’t have to believe that Vince Foster was murdered or that the Pentagon shot down Trans World Airlines Flight 800 to wonder what exactly went wrong during the Federal assault on the Branch Davidian compound in Waco, Tex., six years ago and the subsequent investigation. A new and independent probe is warranted, if only Read More