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Rising pay on Wall Street was the biggest single contributor to the shift. "This was all market-oriented," says Kaplan. "Part of the reason you saw such a big increase in pay over time was just an increase in scale." The sums of money managed and size of transactions arranged by Wall Street grew exponentially, starting in the 1980s. So did profits and pay. You can argue that CEO compensation is a rigged game, but on Wall Street, lavish pay packages have never been restricted to the top of the executive ladder. Top-performing investment bankers and traders were paid...

Author: /time Magazine | Title: Pay Wall Street Less? Hell, Yes | 2/19/2009 | See Source »

...Beyond.” In his introduction, Boston Herald film critic James Verniere described the work as “a book that needed to be written...[it is] smart, funny, intensely detailed, and will never go out of style.” Directly following special commendations, Boston Phoenix contributor Tom Meek announced the fourteen film awards that were decided by the BSFC in December. These included a tie between “Wall-E” and “Slumdog Millionaire” for Best Picture. Another tie resulted in the ceremony’s sole video message...

Author: By Bram A. Strochlic, CRIMSON STAFF WRITER | Title: Film Critics Toast Year at Brattle Theatre | 2/12/2009 | See Source »

...civil society. Journalists and dissidents have felt pressure to remain silent, and the President's brother, tough-talking Defense Secretary Gotabaya Rajapaksa, told local press that he would "chase away" any foreign media deemed to be offering a sympathetic ear to the rebels. Outspoken newspaper editor (and freelance TIME contributor) Lasantha Wickrematunge, whose paper accused the Defense Minister and other prominent politicians of corruption, was last month gunned down by unknown assailants...

Author: /time Magazine | Title: How Sri Lanka Tamed Its Tigers | 2/3/2009 | See Source »

...several freshmen who will make an impact for the team this season. Three first-years started against BU, and the rest have made an impression. One rookie, Holly Cao, did not play against the Terriers, but her preseason success demonstrates that she will likely be a major contributor to the middle of Harvard’s singles lineup. Sibilski may also see time in a starting singles position. The Crimson will continue its spring season in two weeks at the ECAC Team Tournament in Hanover, N.H. Harvard will play a two-month preseason schedule before starting Ivy League play...

Author: By Jake I. Fisher, CRIMSON STAFF WRITER | Title: Harvard Falls Short In Season-Opening Loss | 1/27/2009 | See Source »

...partnership with Gorbachev, he also bought a large shareholding in independent newspaper Novaya Gazeta, which is often critical of the Russian government. Association with the daily is not for the fainthearted. Anna Politkovskaya wrote for the Gazeta until her murder in 2006; earlier this month, a young freelance contributor called Anastasia Baburova was shot dead...

Author: /time Magazine | Title: From Soviet Agent to London Newspaper Proprietor | 1/23/2009 | See Source »

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