Word: 1980s
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...contributor to the shift. "This was all market-oriented," says Kaplan. "Part of the reason you saw such a big increase in pay over time was just an increase in scale." The sums of money managed and size of transactions arranged by Wall Street grew exponentially, starting in the 1980s. So did profits and pay. You can argue that CEO compensation is a rigged game, but on Wall Street, lavish pay packages have never been restricted to the top of the executive ladder. Top-performing investment bankers and traders were paid big sums because otherwise they might jump ship...
America's leading motorcycle manufacturer is enduring its bleakest period since the 1980s, when it nearly went bankrupt. "Clearly it's a challenging environment, and we're doing all the right things in this environment to position our premium brand in this marketplace to make sure we're even stronger when we're out of this cycle," says Tom Bergmann, Harley-Davidson's chief financial officer...
...Sportster, a sleeker, less expensive alternative to the company's popular touring bikes and a response to a wave of British imports. The Sportster's relatively small size made it appealing to women. But by the 1970s, motorcycling had become a marginalized sport. Its renaissance came in the late 1980s, driven largely by baby boomers' new affluence. From 1992 to 2007, new-bike sales soared from 278,000 to 1.1 million annually. Harley-Davidson rode much of that wave, chiefly with touring bikes like the brawny Ultra Classic Electra Glide (starting price: $35,499, with a 110-cu.-in. Screamin...
...denying them to others creates an atmosphere that engenders this kind of abuse—allowing homophobia to grow in what is supposedly a safe space. This is especially disappointing considering past efforts to guarantee a workplace free of verbal harassment and intimidation at Harvard. In the late 1980s, Harvard dining-hall workers fought to gain strong anti-discrimination language in their contracts. This progressive victory in the 1980s should have been enough to ensure that no Harvard student or employee is ever called, for instance, a lesbian in an insulting way without consequences for the offender. Yet clearly...
Samogon, which literally means self distilled, had its heyday in the mid 1980s when Mikhail Gorbachev enforced his alcohol reforms which, among other things, restricted sales to certain stories and prohibited restaurants from serving drinks before 2 p.m. It was a mini-Prohibition and, to get their lips on hooch, people were making alcohol with anything they had. One popular recipe suggested putting yeast, sugar and milk into a washing machine, switching it on a two hour cycle and then distilling the result. In rural Russia, peasants drank heart medication because they believed it contained alcohol...