Word: cashed
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...payouts and AIG-style guaranteed retention awards. Instead, he devised a method of compensating executives: something he calls salary stock. Each pay period, the executives at Bank of America, GM and the other firms will get awards of stock along with their regular paychecks. The checks can be cashed immediately, but the executives may not sell the stock for up to four years. Also, bonuses are paid in restricted stock, which must be held for at least three years and may be sold only after the firm has repaid what it owes taxpayers. The result is that in most cases...
...Patpong Thai restaurant in Chingford, England, Reg Burrows usually pays with plastic. But Burrows, the owner of an industrial-storage-supply firm, doesn't pull out Visa or American Express. He pulls out Bartercard. As a member of the Bartercard trading network, Burrows receives "trade pounds" instead of cash whenever his firm, Global Equipment Trading, works for fellow Bartercard clients. He can then spend that credit at any of the 75,000 member businesses around the world, including Patpong Thai, where he frequently entertains clients. So far this year, Burrows has exchanged around $410,000 in goods and services, helping...
...didn't help that Hoffman brought along former House majority leader (and staunch conservative) Dick Armey with him to the editorial board meeting - Armey called the local issues "parochial" and said the editorial board ambushed his candidate. Hoffman also says he opposes pork-barrel spending, the kind of federal cash infusions a rural, economically depressed, military-heavy area like the North Country depends...
...more nervous. As Pakistani troops advanced into South Waziristan 10 days ago to target the stronghold of Tehrik-i-Taliban Pakistan (TTP), the villager from Karam was fleeing with his family in the opposite direction. After walking for several hours, a bus happened to stop nearby. Parting with whatever cash they had, they bought themselves a ride to this wild and dusty frontier town three days later. "The bombing was hard," Din recalls. "It destroyed five houses near my own." (See pictures of Pakistan's vulnerable North-West Frontier Province...
...favor of the town's warmer plains. But the influx now is seen as fanning the flame of the town's existing ethnic and sectarian tensions. "It changes the dynamic," says Faiysal AliKhan, head of Fida, the main refugee support group in the area. "Dera Ismail Khan is already cash-strapped. There is a shortage of schools and water. There is a lot of crime. Some of the locals are growing resentful. They say that troubles will follow the Mehsuds down from South Waziristan." (See pictures of Pakistan beneath the surface...