Word: bonus
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Dates: during 1990-1999
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...scale starting at $35,000 to $40,000 and a signing/year-end bonus that makes the package about $50,000 to $60,000, leads many students who don't know their average variable costs from their indifference curves to embrace recruiting...
...BONUS CUPS RUNNETH OVER
...year veteran of the National Aeronautics and Space Administration, ultimately turned down two other companies, and now develops landing gear for Boeing near Seattle. "I wanted to be where the action was," he says. Boeing also hired his wife Cheri, 45, another NASA veteran and engineer. As a bonus, Boeing arranged for Cheri to complete the one course she needed for a master's degree...
...million stock options. If you hang on to those until 2002, there's a good chance they'll be worth about $100 million. Otherwise, be good at your job, like Michael Eisner, and Disney will give you a 10-year contract at $750,000 per annum plus a bonus this year of about $8 million and 8 million stock options. So what's Mike O. going to do now, since he obviously can't go to Disney World? Maybe some sailing. He bought himself a new yacht. Its name: Illusion...
Even those just joining the gold rush are sharing in the treasure. Goldman Sachs, Merrill Lynch and others are fighting one another to pay up to $125,000--plus the proverbial bonus--annually to newly minted investment bankers. Do they deserve it? Wrong question. Money is the way Wall Street keeps score, and the industry has been running it up. "This is America," is the answer of Bear Stearns' Greenberg. "If they get it, they deserve...