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...Freddie were planning on paying out some $210 million in retention bonuses to 7,600 employers over the course of 18 months, lawmakers went haywire (Kellermann was pegged to receive a retention bonus of $850,000). "It's hard to see any common sense in management decisions that award hundreds of millions in bonuses when their organizations lost more than $100 billion in a year," Senator Charles Grassley said in a statement. Barney Frank, chair of the House Financial Services committee, wrote to Lockhart: "I am writing to urge strongly that you rescind the retention bonus programs at Fannie...

Author: /time Magazine | Title: Kellermann's Death Is Latest Shock To Freddie Mac | 4/22/2009 | See Source »

...response, the Law School announced that professors who teach classes with more than 30 students will be allowed to award Dean’s Scholar Prizes—a distinction that is intended to replace the A+ in the previous grading system...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: HLS Clarifies Grading Changes | 4/21/2009 | See Source »

...assuring the presence of summas in each graduating class, some students say that the administration has eliminated the rarity that had historically distinguished the award...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: HLS Clarifies Grading Changes | 4/21/2009 | See Source »

That question was resolved in Jackson’s disclosures last week. Next year’s student handbook will include a recommended grade distribution that encourages professors to award Honors to 37 percent of the class, Pass to 55 percent, and Low Pass to the remaining 8 percent...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: HLS Clarifies Grading Changes | 4/21/2009 | See Source »

Encouraging professors to award a surprisingly large number of Honors grades may actually increase the pressure to attain Honors, according to Brian T. Aune, a second-year student and the president of the school’s student government...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: HLS Clarifies Grading Changes | 4/21/2009 | See Source »

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