Word: amounting
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...division Phibro to energy company Occidental Petroleum. Citi was motivated to dispose of the unit because of pressure from regulators to curtail the pay of Phibro's top trader Andrew Hall, who made $100 million last year, and reportedly has a contract that would award him roughly the same amount in 2009. Oxy declined to comment on Hall's compensation. But the energy giant says Hall will remain with the unit at Oxy. Hall had threatened to leave Citi if his pay was cut, which means Oxy is probably honoring his contract. Says an Oxy spokesperson, "We hope and expect...
While the amount Hall would have gotten paid is unusual even for Wall Street, how he got paid is not. Hall had a pay package with Citigroup that guaranteed him a percentage of the profits of his group. Recruiter George Stein of Commodity Talent says it's normal for traders to get paid as a percentage of their division's profits. Most contracts guaranteed traders around 9% to 11% of their group's profits, before compensation. What's unusual about Hall is that he reportedly receives as much as 20% of his unit's profits, which sets...
Simon has the same concerns. If someone tweaked the amount of baking powder or temperature in his recipe, the amount of butter would have to be changed too. Which would take a lot of testing for someone not running a professional kitchen. "Some people," he says, "must have a lot of free time, huh?" Simon must not look at YouTube much...
...artistic risks,” says Martin, who thinks the artistic handling of AIDS bears the situating of body in space. “My personal feeling is that the art students here and also the students interested in the arts really don’t take the same amount of risks even though we have more liberty to do so. I really wanted to latch onto this opportunity to do a performance piece with students at the symposium in the exhibition space, so that it can function as a gesture to the university but also the student body...
...serious snow" from falling on the city, said Andrei Tsybin, head of the department. This could mean that a few flakes will manage to slip through the cracks. Tsybin estimated that the total cost of keeping the storms at bay would be $6 million this winter, roughly half the amount Moscow normally spends to clear the streets of snow...