Word: fee
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Dates: during 2000-2009
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EXECUTIVE COMPENSATION [Strong stench] CEO Dennis Kozlowski, who resigned last week, made $62 million last year, including stock options. Unlike many other CEOs, he didn't waive the $75,000 fee for serving on his board of directors...
...price of entry, and be paid only in shares or options with long vesting periods. Nothing promotes rigorous oversight like an economic stake. There needs to be a clear definition of "independent" director to exclude those who even indirectly receive any benefit from the company beyond their director's fee...
...help fill this education gap, One Thousand Churches gives preachers a list of biblical passages on financial planning. The program's fee also covers a three-day crash course for pastors at the N.Y.S.E. In April, in a gilded conference room at the 250-year-old exchange, dozens of black ministers were immersed in Wall Street vocabulary--syndicate, suitability, zero-coupon bond--before taking a tour around the trading floor...
...five major-airline owners of Orbitz claim they formed the website to reduce the high cost of booking air travel through traditional computer reservation systems, and they recently eliminated commissions to travel agents. A Travelocity spokesman points out, however, that Orbitz's owner airlines are paying the website a fee of about $14 a ticket--roughly twice as much as Travelocity charges. "Orbitz's special provisions have made the playing field for airline tickets severely uneven," says Antonella Pianalto, head of the Interactive Travel Services Association. Orbitz counters that other websites favor certain carriers by charging them lower fees...
...Napster returns it will be a "legitimate" corporate site, with orderly, paying customers. That's the plan, but containing Napster is not the same as controlling the file-swapping community. The music industry has tried everything from lawsuits to substitutes, launching sites where subscribers can download music for a fee. But for every Napster they kill, more spring up to take its place. And the labels' own online services - like Pressplay, which charges $9.95 to let subscribers burn 10 tracks a month - have lost money and left customers cold. In fact, it's still not clear that free sites...