"It's the incentive structure of Wall Street that created this behavior, " Berman says.
Its model is "without the conflicts of interest that are inherent in the structure of most Wall Street firms, " Chief Executive David Pottruck was quoted saying late last year.
ConEd officials Tuesday showed a 5-foot tall concrete wall now standing in front of a structure that housed signal equipment, which was flooded during the storm.
Flank protection: angled section of wall at the end of a shore protection structure, for example a seawall or revetment.
But his proposal last year to simplify the cumbersome structure of mutual banks hit a wall of resistance among managers who feared for their jobs.
But the structure floats on a one-story wall of glass and the high interior space is beautifully shaped by a small forest of cone lamps descending from the roof to just above table height.
On his wall hung a painting of the huge conical brick structure that still stands at the west of the city, built by the British to store rice after a devastating famine in the 1770s.
One of the byelaws prohibits "people climbing on any wall, fence, tree, barrier, railing or structure without a reasonable excuse".
It put forward three options to the council for the memorial, two of which would involve repairing the existing wall or designing a new one to replace the existing structure.
In becoming a for-profit company, for instance, the NYSE will have to manage a difficult change in its relationship with other Wall Street firms, which were part of the mutual structure but are now competitors as well as customers.
Police told local media that the rear of the building had suddenly started to collapse on Wednesday morning, and within a short time the whole structure - except the main pillar and parts of the front wall - had caved-in, triggering panic.
Clinging to the edge of the San Jacinto Mountains, the structure embraces the elements via a boulder that crashes through the north wall like a meteor and partitions the open-plan space.
Leaving this annex area we passed through a metal door in an internal compound wall and came into a pleasant lawn area, in the middle of which was a small structure that was used by the residents as a sun room.
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