Word: contractive
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...target: free-agent pitcher Pedro Martinez, fresh off a Series victory with Boston. "It's a family day, and you show up in a place where you're not supposed to be, just to talk to me," Martinez recalls. "That was more than enough." The four-year, $53 million-- contract offer helped...
Boeing doesn't just build jets. Last week it landed a $67 million contract to build a largely virtual fence with drones, cameras and sensors along the U.S.-Mexico border...
...Harvard’s pedagogical woes is not to force the world’s best researchers to teach courses they have no interest in teaching. Harvard should do away with the three-year and eight-year rules to allow the best lecturers to continue to teach on a contract basis.Proponents of the current system offer two main arguments. First, they hope that Ph.D. candidates and preceptors will go on to bigger and better things, and wish not to promote full-time instruction as a viable career choice. This strain of opposition is not only misguided—Harvard instructors...
...option on the Miami housing-price index and the value of homes in Miami (including his) slides, the money he makes on the derivative offsets his loss. A put option is the right, but not the obligation, to sell a security at a set price. A futures contract is an agreement to buy or sell something at a future date. Both are derivatives because they derive their value from an underlying asset, in this case, real estate. If that sounds complicated, well, it is. The notional value of the futures contract is about $50,000 and is bought on margin...
...risky venture. Although the brand has had contractual relationships with stars since the '50s (Suzy Parker, Catherine Deneuve, Ali McGraw, Candice Bergen and Carole Bouquet), its Nicole Kidman--Baz Luhrmann No. 5 ad surpasses any single-ad commitment to date. Kidman's reported $4 million-to-$5 million contract was meager compared with the total budget, which some estimates put at more than $40 million...