Word: buyouts
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Dates: during 1990-1999
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...number of the SSI guards are former Harvard guards who accepted a buyout and switched to SSI, and some of the SSI guards, like Cort Ellis in Quincy House, have made an effort to learn students' names and understand the maze of entryways, floor numbers and other quirks of Harvard Houses. However, since SSI is an outsourcer trying to provide services at the lowest price, these cases are the exception rather than the rule...
Saddam's other "enemy" lives 2,000 miles away in an 18th century town house on London's fashionable Cavendish Square. It looks more like the corporate digs of a leveraged-buyout firm than the headquarters of a guerrilla movement. Instead of AK-47s and Molotov cocktails, No. 17 Cavendish Square boasts fully equipped offices with ergonomic furniture, fresh-cut flowers and expensive prints hanging on the walls. For a suite on its second floor, the U.S. State Department pays more than $200 a sq. ft. annually, according to documents obtained by TIME--double what most empty modern office space...
Last Thursday, a handful of senior guards retired, accepting a University-offered buyout of their contract...
They made a buyout package for older guards more attractive. The remaining guards secured a promise that they would not lose their jobs to outsourcing...
Mike Cavanaugh, a 10-year veteran of the Harvard force, has accepted a University buyout of his Harvard contract--and accepted a job offer from SSI. He'll switch uniforms, but he will likely remain in place at Lowell House...