Word: funding
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...problem is that Citi's payment plan is not consistent with executive-compensation rules put into place by the stimulus package. The American Recovery and Reinvestment Act signed by Obama on Feb. 17 says banks that have received money from the government's $700 billion Troubled Asset Relief Fund are barred from paying cash bonuses to their top executives. They can pay stock bonuses equal to as much as a third of an employee's salary, but the employee is not allowed to sell those shares until the government's money is paid back by their company...
...Several foundations have told Ivinson that they will no longer accept grant applications. And some donors who have supported him repeatedly say they cannot afford to fund in the future...
...Last month, a private disease foundation told Adrian J. Ivinson, director of the NeuroDiscovery Center at Harvard Medical School, that it could no longer fund his grant through its current funding plan—asking to break up the payments into four or five installments, instead...
...Other administrators are focusing more on what projects to fund rather than who will get the money...
...warned that this drop-off could reach 30 percent by the end of the fiscal year. Purcell said he was confident in the ability of the IOP to continue providing services to its students. “We feel very comfortable that we’ll be able to fund our internship and stipend programs for this summer,” Purcell said. “Similarly, we’ve continued to operate the forum and we continue to keep the Fellows Program rich.” Jackson said that a budget for the entire Kennedy School was currently...