Word: contractive
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...ranks among the highest-paid executives in Britain, will take home $3 million in salary, $12 million in guaranteed annual bonuses, and $21 million in stock grants over three years, plus other lavish benefits on top of the $20.3 million paid him by HSBC for having his contract terminated with Household International, a firm HSBC recently acquired. But at least HSBC has outperformed the market. It's the idea of "rewards for failure" that has really fueled the fat-cat fuss in Britain. Just as in the U.S., where revelations of corporate piggery last year triggered a populist backlash, Britain...
...Baseball, the median player salary is down 10% this season. Pitcher Kenny Rogers declined a two-year, $10 million offer from the Texas Rangers, thinking his 3.84 earned-run average would attract a better deal. Instead, he's pitching for the Minnesota Twins on a one-year, $2 million contract. "We're competing for a stretched entertainment dollar," says Cleveland Indians general manager Mark Shapiro, whose payroll is down 44% from...
...basketball, a less lucrative TV deal this season caused the NBA to lower its salary cap for the first time in the cap's 18-year history. "We're much less likely to give someone a maximum contract than we were a few years ago," says an NBA executive...
...standard in computer-generated imagination. Gold, as in $1.73 billion worldwide gross for that quartet, plus truckfuls more in video and DVD profits. Pixar owner Steve Jobs will need a battleship to hold all the money his current distribution partner, Disney, will need to fork over to renew their contract, which expires in 2005. The two studios now split the profits from Pixar movies, but since Pixar's CGI movies have been grossing nearly twice what the Mouse House's own animated films take in, Jobs wants a more grownup portion of the money...
...million is the value of the contract awarded to Bechtel for rebuilding Iraq, most of which the U.S. firm plans to subcontract...