Word: goldener
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Dates: during 2000-2009
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...clear what sorts of limits on executive compensation will be included in the bailout bill. Ideas being batted around include a temporary elimination of golden parachutes (payouts that executives collect when they lose their jobs); a lower limit on the amount of an executive's base salary that companies can deduct from their taxes (currently $1 million); "clawback" provisions to help recoup bonuses paid based on earnings or other metrics that later prove to be inaccurate; and limits on incentives for "excessive" risk-taking...
...Congress should be the first to know that dictating what executives can get paid doesn't always work as expected. In 1984, Congress passed a law eliminating the tax deductibility of golden parachutes that exceeded three times base salary. Corporate America took that to mean anything below that multiple was fine: golden parachutes worth 2.99 times base salary proliferated, where before there were none at all. In 1993, Congress said only $1 million of an executive's salary would be tax deductible. So companies began paying their CEOs massive amounts in other forms, like stock options and deferred compensation...
...When Hyman Golden co-founded the Snapple Beverage Corp. in 1972, the company took its name from one of its first products--a carbonated apple soda drink. After building its product line and name recognition in New York through pervasive "Snapple Lady" television ads and the introduction of flavored teas, the company became nationally known, earning $700 million in annual sales before being purchased by Quaker Oats Co. in 1994. Raised in Queens, N.Y., Golden earned his keep in pre-Snapple days by working as a window washer with his Romanian father and later as a business broker...
...strains of the metal tradition belies its patent complexity and eagerness to appropriate other musical idioms. “The Unforgiven III” opens with familiar themes of Norse mythology and epic journey: “Set sail to sea, but pulled off course / By the light of golden treasure / How could he know this new dawn’s light / Would change his life forever?” But the string quartet and clutch of trombones that introduce the song, as well as Hetfield’s vividly colored lyrics, make it feel fresh. “Death...
...encourage executives to get their cooperation, and that clamping down on their pay would only hurt their willingness to get on board. Critics in both parties say the threat of the executives' firms going belly-up should ensure their cooperation regardless of what restrictions are placed on their once golden parachutes. Mounting pressure from constituents on Main Street is likely to mean there will be some cap on compensation associated with the bailout. But corporate America usually finds a way around such limitations, and there are even legal questions about what kind of restrictions can be placed on the firms...