Word: compensationitis
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Harvard Management Company—the investment group charged with managing the University’s endowment—announced Friday that it will reduce staff levels by roughly 25 percent in the coming months. In an effort to “re-balance and re-engineer the organization,?...
The provisions in the president’s pay limit, now confirmed by the Treasury, will only have a limited effect. The government’s restrictions on executive compensation are firm, with opportunities for additional compensation only through the unpalatable option of restricted stock. The total savings to taxpayers...
1. On groundwork laid by the Special Inspector General in anticipation of fraud: "[The Special Inspector General for TARP] is already working closely with FBI's Washington Field Office on joint projects and has met with representatives of the New York Field Office as well ... [The Special Inspector General for...
3. Some of the definitions provided throughout the report, in sidebars and in a glossary to make is easier for laypeople to read: "Clawback: Recovery by the company of bonuses or incentive compensation paid to a senior executive ... Golden Parachute: Compensation to (or for the benefit of) a Senior Executive...
• "The Ledbetter bill, while well intentioned on its surface, is really a boon for trial lawyers, which dramatically broadens their ability to file lawsuits, regardless of how frivolous or whether their clients even personally experienced discrimination." -Explaining his vote against the Fair Pay Act designed to ensure equal compensation...