As the SEC argued to Rakoff, the $5.8 billion in bonuses that Bank of America authorized Merrill to pay constituted nearly 12% of the $50 billion that Bank of America had agreed to pay to acquire Merrill and amounted to nearly 30% of Merrill's total stockholder equity.
This examination, which focuses mainly on whether some companies failed to pay taxes, constitutes a separate track the government could use to put pressure on them.
Failure to pay "shall constitute an event of default under the operating agreement," the company stated.
But many news sites have concluded that getting even 5 to 10 percent of their readers to pay would constitute success, and many — including The New York Times — have made plans to start some kind of pay system.
"To ascertain whether the rent you are paying constitutes an overcharge, you must first review the rental history for your apartment," Mr. Sokolski said.
100 million, however, would be too high of a price to pay and would constitute a nuclear Armageddon (U.S. population at the time their article was published was about 227 million people).
Hemodialysis in the frail elderly and others with multiple comorbidities is very costly and, depending on the societal benchmark for willingness to pay, may not constitute a wise use of resources.
(WNYC pays $3 million a year to NPR, which is less than 10percentt of its budget, but at WFCR in Amherst, Mass., the $500,000 it pays to NPR constitutes nearly 20percentt of its budget).
Where tenure once constituted a pledge to pay a person's salary for life, it now constitutes, in the acerbic definition I've heard from some medical school professors, a mere "license to go out and fund your own salary".
I explained that if he wanted an ice cream cone and didn't have any money, he could ask me for the money and he would be able to buy the ice cream, but he would then have to pay me back, and that constituted a loan.
