Word: earned
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Dates: during 1990-1999
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With bonuses typically accounting for up to 90% of annual pay, this year at least 1,500 Wall Street hotshots will earn $1 million or more in the year-end bonus bonanza. Says Alan Johnson, a New York compensation consultant: "This is the best year ever in terms of pay, probably 30% higher than the high point of the '80s." In the first nine months of 1996, any number of Wall Street firms had already earned considerably more than they did in all of 1995. In addition to brokering stocks, investment firms are benefiting from underwriting fees on a record...
...April, Harvard bowed to pressure from interest groups and agreed to maintain protected status for about 78 of its approximately 700 tenants until they move or earn more than the annual income cut-off, according to Washington Taylor, a local architect and private homeowner in Cambridge involved with the campaign...
Self - Proclaimed Undergraduate Counsel Outsider William J Pyonteck Jr.'00 is hoping that his Unorthodox campaign platform will earn him support when presidential voting begins today...
...Miami lawyer, recited a laundry list of benefits to the big-money contributors he met in New York City and elsewhere. For $100,000, they say, Rosen has said a giver can get a short meeting with the President in the White House; $10,000 to $50,000 would earn a dinner with the President at a posh Washington hotel. One Democratic business executive said Rosen even hinted at staying overnight at the White House. Rosen denies he has offered anything other than the usual dinner invitations to givers. Says he: "I have been very conservative...
...that scare you, though. Much has changed, which is why the yield sank to last week's low of 1.99% without disrupting the bull market. Today companies hold back more of what they earn, opting not to increase dividends but to reinvest in operations or buy stock on the open market. This year, for example, blue-chip companies will report record high earnings but pay out a record low portion of those earnings as dividends (37%, vs. a post-World War II average of 52%).That's O.K., so long as reinvesting and buying back shares have their intended effect...