Word: compensationitis
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University spokesman Kevin Galvin declined to comment on the latest staff reductions. But Harvard officials have long cited the slumping endowment as a reason to trim compensation costs, which make up roughly half of Harvard's operating budget.
HKS spokeswoman Melodie Jackson said that while faculty and staff hiring has been roughly flat at HKS over the past five years, compensation and benefits still make up 59 percent of the School's operating budget. Prior to last week's layoffs, 498 staff worked at HKS, she said.
After nearly 40 years of denial, France is finally taking responsibility for the health consequences of its nuclear-testing program - although too late for those who died over the decades after having served France's strategic interests. On Tuesday, the French Parliament approved legislation providing care and compensation to people...
History has taught groups that represent people who have been exposed to radiation during French nuclear tests to be wary of any movement on the topic - and that suspicion remained strong going into Tuesday's vote. Despite its passage, Morin's text is only the latest of 18 similar plans...
Here's a direct question about bankers. Do they care about anything other than their own compensation?|