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Clawbacks are catching on in other industries. A recent study by executive compensation research firm Equilar found that nearly 73% of Fortune 100 companies now had clawback provisions in their executive pay packages, up from just under...
Some analysts compared Toyota's decision to suspend sales of several popular models to Johnson & Johnson's 1982 decision to sweep packages of Tylenol off shelves after some were found to have been criminally tainted with poison after being shipped to stores. Tylenol's market share plunged from 35% to 8%, but it soon recovered, and J&J was applauded for its quick response. But a recall in the car business, with its five-figure price tags, independent dealers, layers of financing and intense competition, is more complex than a packaged-medicine recall. (See the most exciting cars...
Harvard basketball found the perfect person to bring it into the corporate world of college basketball when Amaker arrived on the scene three seasons...
...Many students and their advisers have said that they found the current rules to be overly restrictive,” FAS spokesman Jeff A. Neal wrote in an e-mail. “This change in the rule was, in large part, an effort to respond to feedback we’ve received from students...
...Bernanke, the benefits of additional monetary stimulus would be modest at best, while the costs could be disastrous. Reasonable economists can and do disagree. The fact that doves think he's obsessed with inflation and unconcerned with jobs while hawks think the opposite is not proof that he has found appropriate middle ground. And he shouldn't be confirmed just because markets are freaking out that he might not be. But Fed chairmen are supposed to be apolitical, analytical and data-driven; Bernanke is all those things, and he did, after all, save the world. If Republicans don't want...