Word: compensationitis
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The limits on pay are set up to hit a number of high paid people at banks and brokerages. Putting restrictions on CEOs and top management compensation was expected to be a part of any plan to control the actions of companies which have received or will receive government funds...
According to The Wall Street Journal, "The most stringent pay restriction bars any company receiving funds from paying top earners bonuses equal to more than one-third of their total annual compensation." That means that a trader making a modest salary of $400,000 who brings in $50 million in...
Like all government-assistance programs, a car-owner-assistance program would eventually cost taxpayers money. An agency, probably part of the Treasury, could give banks the money to help qualified car buyers keep their vehicles. A man sitting in his house looking out the window could see a car he...
In September 2007, shortly after TIME ran a story about the apparently successful return of speedy turboprop planes for short commuter flights, the manufacturer of the Q400, the same type of plane that crashed in suburban Buffalo last night, requested that all such aircraft with at least 10,000 cycles...
• Is known for working as many as 70 hours per week. He took so little vacation time while running the Buffalo Police Department, he had a dispute with the city council upon leaving because they owed him so much compensation for the unused time.