Word: bonus
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...furniture for their state-bought private homes. Senators ignored an approved cap of $35,000 and took $50,000 - all of it in cash. The third most-senior member of the government was just impeached for pocketing $350,000 for his furniture - and a $200,000 holiday bonus...
...other districts, the spike in enrollment has driven once cozy classes up to regular capacity. Overcrowding was so severe in one St. Louis district that some students had to be turned away. So two years ago, the district extended the school year five weeks across the board, dedicating the bonus hours to intensive reading instruction. The shift paid off at test time. The four schools on the new calendar raised their scores, and one landed among the state's best performers. The longer year is so popular, reports principal JoAnn Bester Clay, that some parents and children want to abolish...
This trend bothers some, who are worried that it encourages short-term thinking. But it's only right that fund investors choose their entry and exit points on a real-time basis. The bonus here is that for the first time investors have a real alternative to traditional mutual funds, and that will help keep a lid on mutual-fund fees...
...that's right, with no prompting necessary. At Beacon, which sits on a quiet stretch of industrial land, the enthusiasm may be due to teachers as bubbly as the kids, or it may be simply that everyone understands the bonus that comes with this many days of school: no homework until sixth grade...
...that sounds greedy, consider her husband's five-year deal to serve as CEO of this beleaguered insurance company. Wendt landed a $45 million signing bonus and a guaranteed bonus of up to $50 million in two years--although he did forfeit some GE incentive money. He will also be getting stock, stock options and, oh yeah, a salary of many millions more. His ex will get none of it. As noted, Lorna Wendt won't go begging. But the man she spent 32 years with is now, just a few years removed, infinitely more wealthy than...