Word: compensationitis
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When Jack R. Meyer, former CEO of the Harvard Management Company (HMC), left the University to establish his own hedge fund with a record-setting $6 billion, investors expected him to continue his string of market-beating performance. This past year, however, showed that even veteran investors can struggle in...
Monsoon rains aren't new in Jakarta. But with at least 50 people dead and more than 340,000 forced to flee their homes, this year's flooding is the worst in recent memory-and blame is falling on the city government for failing to make infrastructure fixes that might...
$24 million Average annual pay, excluding stock options, earned by his predecessor, Robert Nardelli, who stepped down Jan. 2, partly over the size of his compensation
That's one of the many challenges for threequels: everybody's fee goes up, again. "We always want to get paid more," Bruckheimer says. "That's understandable." And no one's salary rockets higher than the stars'. "They are the face of their franchises," Pandya says. "Whatever compensation Johnny Depp...
Such CEO-style compensation can only serve to erode a college's sense of priorities - which is why the House Ways and Means Committee is threatening to look into the current coach-salary arms race, especially at public universities. Congress should go full bore on this one. True, football has...