Word: earn
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...taking a toll. Several industries, including steel and automobiles, have been growing so rapidly that they now have problems of overcapacity. Still, with 300 million rural laborers in China eager to join the industrialization push, and at wages that are a small fraction of what Americans or West Europeans earn, the downward pressure on jobs and salaries worldwide is likely to continue. Ford's late-January restructuring, involving 30,000 job losses, demonstrates that theme...
...TRUE. HE SKATED FAST SHANI DAVIS became the first African-American male to earn Winter Olympic gold by winning the 1,000-m speedskating race. But he didn't win friends. Davis had skipped the team-pursuit event to train for the 1,000, an individual race. When asked about Davis' win, American Chad Hedrick, who raced in the pursuit, said, "Shani skated fast today. That's about all I have to say." Joked Davis: "At least he said I skated fast. That was nice." Want drama? The two square off this week...
...only Nobel prizewinner, Gao Xingjian, lives in France?but Li's exile may prove short-lived. In 2004 Li applied for permanent residency in the U.S., but her first attempt was denied on the grounds that she had not sufficiently distinguished herself in her field of endeavor to earn a green card. (She still has a valid temporary visa.) Li is reapplying, but she knows the odds for a writer could be long. To earn residency, she explains, "You need to prove that you're extraordinary. But it's hard to prove that you're an extraordinary artist!" For Yiyun...
Furthermore, the statement that Harvard pays its managers “approximately under 10 percent” of the market value for their services is patently absurd. Even with today’s enormous salaries for investment management, very, very few investors manage to earn more than $18 million per year. The idea that an in-house manager of a $2 billion bond fund would be paid at least $180 million annually for even exceptional returns is totally out of proportion to the reality of Wall Street compensation. Even $18 million would be an exceptionally high rate of compensation...
Harvard is a not-for-profit educational institution. Surely it understands that people who choose to work at a university should earn less than their counterparts at for-profit corporations. Harvard should follow Yale’s lead. If Dave Swenson earns $1 million each year for the truly superior work he does, Harvard should be truly ashamed of paying any in-house manager eighteen times what Swenson makes...