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Edward Libby, AIG's government appointed CEO, has argued that these were retention bonuses, contractually guaranteed to employees who remained with the company. It has been further argued, on his behalf, that the bonuses are exempted by the American Recovery and Reinvestment Act, which provides that restrictions on bonuses do...
The cholesterol numbers are drawn from an advertisement for the statin Zocor - a drug that the authors are careful not to dismiss out of hand, since it can indeed save lives, just not as many as its makers would like you to believe. The ad openly touts the 42% figure...
But since nearly half of Harvard’s $3.5 billion annual operating budget comes in the form of compensation costs, Longbrake said, “it is increasingly likely that Harvard, like many of our peer institutions and foundations across the country, will have to consider further changes to...
But Decker said that Harvard and MIT should consider pay cuts for their highest paid employees rather than laying off low-wage workers such as janitors.
Meanwhile, the brouhaha is bringing what some locals consider to be unwelcome attention to the laid-back canton. Melchior Looser, Appenzell's justice and police minister who spearheaded the proposed legislation, didn't return TIME's request for an interview but told a local newspaper that the sudden public interest...