Word: generously
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Final clubs—male and female—are immensely attractive because they embody the wealth and prestige of gentleman’s Harvard, its (historically white and male) elitism. In addition to the promise of generous post-graduate alumni connections and a sense of belonging on this sometimes isolating campus, these social clubs offer spacious settings for social events. Students seek refuge in final clubs and other exclusive social organizations where they are granted space, conveniently in the form of mansions...
...could this happen? Politicians neglected to put money into pension plans, made poor investments, handed out extraordinarily generous retirement packages and gave special treatment to their fellow politicians. As San Diego city attorney Mike Aguirre put it, "What has happened is that the pension plan has somewhat become a personal-benefit slush fund for council members and senior officials." Not only did high-ranking San Diego officials give themselves preferential treatment for their pensions, they also distributed outsize benefits to city workers. A department director with 39 years of service collects $148,000 a year for life; an assistant port...
...retire before they turn age 65 and are eligible for Medicare, the coverage provided under employer plans is often difficult, if not impossible to find anywhere else." For retirees over 65, "employer plans remain the primary source of prescription drug coverage for seniors on Medicare ... This coverage is more generous than the standard prescription drug benefit that will be offered by Medicare plans beginning...
...courtesy of Union Pacific's board of directors, which included Vice President Dick Cheney. And then there's Leo Mullin, the former chairman and CEO of Delta Air Lines. Under Mullin's stewardship, Delta killed the defined-benefit pension of its nonunion workers and replaced it with a less generous plan. Now, little more than a year after he retired, the airline is in bankruptcy and can dump its pension obligations. But you need not fret about Mullin. On his way out the door, he picked up a $16 million retirement package. It's based on 28.5 years of employment...
...social skills, on the other hand, rapidly receded. Beethoven squabbled with his friends, and he tried to smash the head of one of his noble patrons with a chair. Fortunately for him, the aristocracy was forgiving. They gave him a generous stipend that plunged in value after the occupation and departure of French soldiers in 1809. That year, his prodigious works slowed to a trickle after he fell for a banker’s wife, Antonie Bretano, whom he referred to as “my Immortal Beloved...