Word: annualized
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Some firms, such as Los Angeles-based Latham & Watkins and San Francisco-based Orrick, Herrington & Sutcliffe, have offered $75,000 annual compensation packages to incoming associates who defer employment until October 2010 and find alternate work in public-interest law. Other firms, like Morgan Lewis, have told deferred associates they can earn up to $60,000 per year if they work in public service, plus an additional $10,000 if they continue to study for the bar. Overall, firms estimate that these deferral arrangements could save them $25,000 to $85,000 per employee. (Read "Job Forecast for College Seniors...
...operates on $480 million dollar annual revenue—85 percent of which comes from government sources—and employs well over 4,000 health-care workers and physicians. It currently services around 700,000 primary care patients...
Britain's motor-sport industry has a healthy track record of updating and refining technology. More than 30% of its roughly $9 billion in annual revenue is put back into research and development, Aylett says; the wider engineering sector reinvests just 3%. That emphasis on research has helped motor sport cultivate technologies for use in areas outside racing such as aerospace. Pi Research has an eye on growing its share of business in the defense and marine-craft industries. With Grand Prix teams putting the brakes on spending, diversification may be the best chance for survival. Driving Change A raft...
Wagner said that the amount of money this package provides is equal to the funds available in the entire information technology industry on an annual basis...
...since nearly half of Harvard’s $3.5 billion annual operating budget comes in the form of compensation costs, Longbrake said, “it is increasingly likely that Harvard, like many of our peer institutions and foundations across the country, will have to consider further changes to the size of its workforce in order to adjust to the new fiscal reality...