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...this way: from 1993 to 2002, the aggregate compensation of the top five executives in all public companies amounted to an astonishing $250 billion, equivalent to 7.5% of all corporate earnings. Defenders of the status quo say that such bloated pay provides managers--particularly CEOs--with incentives crucial to high performance. Those defenders have not yet read Lucian Bebchuk and Jesse Fried's Pay Without Performance. The authors marshal a formidable arsenal of facts to pick apart the incentives argument, exposing myriad ways in which CEOs have decoupled pay from performance and hidden that fact from investors with...

Author: /time Magazine | Title: Biz Briefs: EXECUTIVE SUMMARY: Inflated Pay | 12/17/2004 | See Source »

...October 6 interview, Harvard President Lawrence H. Summers said, “Diversity is crucial to our success in teaching and to the diversity of perspectives in our intellectual debate, and we will not find the most excellent people if we are not drawing on all segments of our society.” By this reasoning, one cannot reasonably deny the need for the intellectual diversity that an array of different political perspectives brings without denying the need for any kind of diversity. Students need to be exposed to different ideas and different ways of thinking...

Author: By Daniel P. Krauthammer, | Title: Straightening The Leftward Lean | 12/14/2004 | See Source »

...more resources for advising, and putting more supervision in place to make sure guidance counselors are doing their jobs. If we want to provide all students with the opportunity to succeed then they need to have access to all the benefits that good advising can offer. It is crucial to the future success of the system that changes be made...

Author: By Reva P. Minkoff, | Title: Fixing a Failing System | 12/13/2004 | See Source »

Advising and counseling are two of the most important things a school can offer—and two areas schools often neglect. Role models are crucial to helping students remain motivated and eventually succeed. At the same time, the knowledge that teachers and counselors possess—on standardized tests and the college process, for example—is essential for students. The same can be said in regards to course selection. It is crucial that students be placed in the proper level of classes, with access to extra help and honors level and advanced placement courses...

Author: By Reva P. Minkoff, | Title: Fixing a Failing System | 12/13/2004 | See Source »

...most important thing advisors and counselors can give students is the belief in themselves. Confidence is one of the most crucial skills to success at any school—college or otherwise. The initial rejection from high school can send an early message that they are somehow inadequate, and more programs like the one at Medgar Evers College will be crucial to changing this...

Author: By Reva P. Minkoff, | Title: Fixing a Failing System | 12/13/2004 | See Source »

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