Word: compensationitis
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When the major banks and brokers got their first chunk of TARP money in October, everyone intimately involved in the process was aware of how Wall St. compensation works. But, the only conversations about salaries and bonuses were directed at the CEOs of the big firms. The cognoscenti knew that...
The 10 signatories of the letter—all members of the College’s class of 1969—are proposing that compensation for endowment managers should not exceed that of the highest-paid academic or administrative officer of the University.
• Got periodic pay raises, but all compensation information was kept confidential at her company. She received a Top Performance Award in 1996.
• Sued Goodyear, which claimed it paid Ledbetter less than other male workers because she was not a good worker. A jury awarded Ledbetter about $3.3 million, but the amount was later reduced to around $300,000. Subsequently, the Supreme Court voted 5-4 that Ledbetter was not entitled to...
• "A worker knows immediately if she is denied a promotion or transfer, if she is fired or refused employment. And promotions, transfers, hirings, and firings are generally public events, known to co-workers. When an employer makes a decision of such open and definitive character, an employee can immediately...