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...Many people have praised him for his emphasis on long-term compensation. But a number of pay consultants say Feinberg might have gone too far in curbing year-end bonuses. "It is fair to say that some of the pay schemes promoted bad behavior and led to excessive risk, but you still need some sort of short-term incentive," says top-pay consultant Don Delves. "People do stuff for money, and they tend to be more motivated by money they can get in the next year [than by] money they may not see for three or five years...

Author: /time Magazine | Title: Wall Street, Meet Ken Feinberg, the Pay Czar | 11/2/2009 | See Source »

...modern psychology. Freud is dead, isn’t he?” A half hour of ejaculated blood and severed female anatomy later, “Antichrist” has done as much as show that if Freud isn’t dead, he’s certainly fair game for some extreme and rather thickheaded interpretations...

Author: By Ryan J. Meehan, CRIMSON STAFF WRITER | Title: Antichrist | 10/30/2009 | See Source »

...city of Boston has a prominent role in the films. Duffy credits his roots with suffusing the film with a Bostonian aura that has attracted its fair share of New England fans. “This is where I’m from,” he said. “I’m a New Englander. I was trying to bring a Bostonian mentality...

Author: By Sanders I. Bernstein, CRIMSON STAFF WRITER | Title: The Return of Boston's Patron 'Saints' | 10/30/2009 | See Source »

...forget, too, that a fair number of Wall Streeters got wiped out because their wealth was tied to their firm's stock price. Dick Fuld, the former CEO of Lehman, had shares and options worth about $1 billion at their peak. He got less than $1 million when he sold them after the firm went bankrupt. (He still took home, before taxes, $490 million from his stock-based compensation, so don't cry for him.) James Cayne, CEO of the defunct Bear Stearns, was in a similar situation. If Fuld and Cayne had known their firms were as badly...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

...think it’s fair to say I’m more liberal than most of my colleagues,” says Marglin, whose most recent book was titled: “The Dismal Science: How Thinking Like an Economist Undermines Community.” A tenured professor at Harvard since 1968, he says he is aware of the uniqueness of his outlook within the Littauer building, home of the Economics Department. “I don’t think there is anybody who shares my views,” he says...

Author: By Noah S. Rayman, CRIMSON STAFF WRITER | Title: A Tale of Two Ec Classes | 10/29/2009 | See Source »

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