Word: compensationitis
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Bhopal's tragedy?dreadful enough?was then compounded. In the two decades since the disaster, the survivors have seen a more insidious venom spread across the town. Without a healthy work force, the economy stagnated as businesses and factories such as Chand's ice-cream factory, which had paid for...
Abdul Jabbar Khan, of the Bhopal Gas Peedith Mahila Udyog Sanghathan, a group for female victims, says the disaster poisoned Bhopal's soul. "The shame of Bhopal," he says, "is that there's no humanity here today. People began to spend their lives in queues, for ration cards, for hospital...
Harvard has waged a year-long public relations campaign to defend its endowment managers’ salaries with letters, like those from Daniel and Rapier, and strong statements by Meyer, who first instituted the performance-based compensation policy when he took over as president of the management company in 1991...
And in what appeared to be a small concession to critics of the burgeoning salaries, the management company board voted in March to lower the maximum compensation for its endowment managers. At the time, Summers said the change “would lead to a significant reduction in top compensation...
Meyer would not say yesterday what the maximum compensation is or whether any managers had encountered the cap in last fiscal year’s salaries.