Word: compensationitis
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Increased compensation, space and occupancy costs continued to drive up expenses for fiscal year 2004, the University announced yesterday in its annual report.
But under Meyer’s performance-based compensation system, which he first instituted upon his arrival in 1990, everyone at the management company—from accountants to secretaries—had reason to celebrate. They, too, would enjoy a modest bonus in honor of the University?...
Once the debt is gone, once the tax code is reformed, once California gets its fair share from Washington, Arnold could direct the klieg lights where they really belong—on preparing California for the future, and abolishing confusing voter initiatives that mandate irresponsible spending increases and guarantee fiscal...
The University argues that they are simply paying these managers “fair market value,” based upon the compensation reportedly earned by leading private hedge fund managers. But should the university’s endowment be treated like private fortunes or treated as a public trust...
For the rescue squad, it's slowly sinking in that the size of the rebuilding task is much greater than was planned for. And the to-do list keeps growing. To the current development-speak goals of "capacity building," "improved governance" and "budget stabilization" must be added infrastructure, communications, shipping...