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...year to April by law firm Trowers & Hamlins and accountants UHY Hacker Young, financial pressures or insolvency, as well as the cost of maintaining an AIM listing - paying for non-exec directors and other services can add up to $300,000 a year - accounted for a large chunk of those leaving. Others had been dumped by their Nominated Adviser (Nomad), the accountants or financial management companies that act as quality control for AIM, scrutinizing a firm before deciding whether it ought to list. The Nomads' worry: should a firm they're advising go under during the recession, their own reputation...
...Faculty grew a lot in the last five years, so I presume they’ll let it shrink a bit,” said English professor Louis Menand. “Faculty salaries can be a quite big chunk of the budget...
Because a significant chunk of funding for financial aid initiatives comes from university endowments—all of which have been crippled by volatile markets in past months—university leaders have been forced to scale back on other endeavors funded by endowment money...
...able to lure traders, bankers and analysts away from much larger firms in part by doing away with one of Wall Street's oldest traditions - the year-end bonus. Instead, Cantor is offering to pay most of its new employees in full each month, rather than holding a good chunk of their pay until the end of the year. "There is just too much variability in year-end pay," says Martin Teevan, who joined Cantor & Co. from Goldman Sachs in December, and is the head of high yield and distressed bond trading. "There is a lot of concern that...
...political future of a country where the will and the wisdom of politicians becomes hostage to the threats of barbarians?" writes student Sehar Tariq, in an opinion piece in the English daily The News. "How can I feel secure in a country where the army, despite receiving the largest chunk of our resources, cannot defeat a bunch of thugs?" It's a question that nobody seems able to answer. With reporting by Ershad Mahmud/Islamabad