Monthly Archives: August 2009

SEC sues Bank of America

Without admitting guilt, Bank of American paid a $33 million fine after the SEC sued it for lying to investors about the payment of $5.8 billion in bonuses to Merrill Lynch employees after BofA bought Merrill.  School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial law, says it’s an […]

Google CEO quits Apple board

Citing a growing overlap of the two companies businesses, Google CEO Eric Schmidt has resigned from the Apple board of directors.  School of Management Professor N. Venkat Venkatraman, chair of the Information Systems Department, says the move reflects likely future competition. “It’s about the potential overlap in the future as Apple develops its business models […]