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...billion, equivalent to 7.5% of all corporate earnings. Defenders of the status quo say that such bloated pay provides managers--particularly CEOs--with incentives crucial to high performance. Those defenders have not yet read Lucian Bebchuk and Jesse Fried's Pay Without Performance. The authors marshal a formidable arsenal of facts to pick apart the incentives argument, exposing myriad ways in which CEOs have decoupled pay from performance and hidden that fact from investors with the aid of supine corporate directors. The lucidly argued treatise frames the issue not in ethical terms but as a problem of efficiency...

Author: /time Magazine | Title: Biz Briefs: EXECUTIVE SUMMARY: Inflated Pay | 12/17/2004 | See Source »

...dreams of leaving behind a few new treaties as his political legacy; he thinks in more simple terms of making a dangerous world safer for America and its friends. The "six-party talks" status quo?in which North Korea races furiously ahead in its quest for a nuclear arsenal while its neighbors China, Japan, Russia and South Korea prepare for the latest round of fruitless dialogue about "denuclearization"?manifestly does not make anyone safer. With a President who views his re-election as a broad mandate?and with a Republican majority in the Senate doing the "advise and consent...

Author: /time Magazine | Title: No More Mr. Nice Guy | 11/22/2004 | See Source »

Senior tailback Robert Carr was the most fearsome weapon in Yale’s arsenal. Over the season preceding The Game, Carr rushed for 1,129 yards and seven touchdowns. Against Princeton last week, Carr drove for 232 total yards, including 160 from scrimmage...

Author: By Samuel C. Scott, CONTRIBUTING WRITER | Title: Crimson Defense Overpowers Yale's Big Three | 11/22/2004 | See Source »

Senior tailback Robert Carr was the most fearsome weapon in Yale’s arsenal. Over the season preceding The Game, Carr rushed for 1,129 yards and seven touchdowns. Against Princeton last week, Carr drove for 232 total yards, including 160 from scrimmage...

Author: By Samuel C. Scott, CONTRIBUTING WRITER | Title: DEFENSE ANCHORS CRIMSON BLOWOUT VICTORY | 11/20/2004 | See Source »

Senior tailback Robert Carr was the most fearsome weapon in Yale’s arsenal. Over the season preceding The Game, Carr rushed for 1,129 yards and seven touchdowns. Against Princeton last week, Carr drove for 232 total yards, including 160 from scrimmage...

Author: By Samuel C. Scott, CONTRIBUTING WRITER | Title: DEFENSE ANCHORS CRIMSON BLOWOUT VICTORY | 11/19/2004 | See Source »

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