Word: buyout
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...higher paid than those who remained. The department froze our nominal pay for six years; that’s why our average real pay was lower at the end of that time—by $5,400 a year. We lost 27 of our members in the 1999 buyout. Harvard lost three centuries of accumulated work experience...
...late 1990s, many of the longest-serving guards accepted a contract buyout package from Harvard, which has decided to outsource most of its security guards. Partially as a result of the departure of those higher-paid employees, median inflation-adjusted hourly wages for security guards declined from...
...time when millions of people are seeking employment, I was sickened to read of singer Mariah Carey's $28 million buyout from EMI's Virgin label [PEOPLE, Feb. 4]. Where but in America would someone get this much money not to work? This must really impress the refugees elsewhere who are cold and hungry. Is this the picture of the U.S. we want the world to see? RUTH SWANSON Millersville...
...wealthy folks piled into venture-capital funds at the peak of tech mania two years ago, and they have seen nothing but red ink. Last year such funds declined about 40% on average. The other pillar of what's known as private equity--leveraged-buyout funds--has had problems too, losing about 20% in 2001. Together, these are the worst returns on record for an exclusive class that often carries investment minimums of $1 million for access to the best managers. When the game goes this bad, what's a well-heeled investor...
...Muirhead arranged the management buyout of a musical-equipment rental business...