Word: finks
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Dates: during 2000-2009
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...Saturday morning four weeks ago, New York State attorney general Eliot Spitzer walked onto a tennis court in Washington for a match with his niece and chanced upon Matthew Fink, president of the Investment Company Institute, the mutual fund industry's trade group. Howya doing? Spitzer asked. Fine, Fink answered. He then mentioned that his industry seemed to be under unusual scrutiny, adding, "At least you aren't giving us a hard time." Spitzer's response left Fink weak in the knees. "Just wait," he said with a smile...
Grasso's pay while extending his contract through 2007, the N.Y.S.E. board ate its own cooking without appearing to criticize the man who has led the exchange through boom, bust, national disaster and scandal. "We wanted to announce to the world a vote of confidence for Dick," said Laurence Fink, CEO of the investment firm BlackRock and a member of the N.Y.S.E.'s compensation committee...
...applaud the new disclosure, but they are still amazed by the numbers. "That's a phenomenal sum for a regulator," says Charles Elson of the University of Delaware's Center for Corporate Governance. The N.Y.S.E.'s compensation committee, however, doesn't compare Grasso's paycheck to those of regulators. Fink says it looks instead to financial conglomerates and investment banks. Elson says those comparisons don't make sense; unlike a public company, the N.Y.S.E. has no stock to rise or fall with Grasso's performance...
...bulk of Grasso's payout--$91.6 million--comes from deferred retirement benefits and savings, and he enjoyed an 8% guaranteed return on one-tenth of his total compensation. "That's a little unusual," Jensen says, because most executive retirement plans peg their returns to vary with interest rates. Fink says the board will be reviewing all aspects of senior executive benefits in October...
...This year the book has travel as the theme, and while not quite as satisfying as last-year's biography-based book, there are some strong standouts among the contributions from over 40 different artists. Jessica Fink's "Baggage" tells a harrowing autobiographical tale of being kidnapped by her deranged father when she was in middle school. The story of moving around from empty movie theaters to dumpy motels ultimately becomes the story of being able to move on in one's life. On the opposite scale, R. Sikoryak pulls off another of his perfect-pitch satires, this time...