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...Feinberg's big changes are in the form of payment, particularly on Wall Street. Gone are year-end payouts and AIG-style guaranteed retention awards. Instead, he devised a method of compensating executives: something he calls salary stock. Each pay period, the executives at Bank of America, GM and the other firms will get awards of stock along with their regular paychecks. The checks can be cashed immediately, but the executives may not sell the stock for up to four years. Also, bonuses are paid in restricted stock, which must be held for at least three years...
...Many people have praised him for his emphasis on long-term compensation. But a number of pay consultants say Feinberg might have gone too far in curbing year-end bonuses. "It is fair to say that some of the pay schemes promoted bad behavior and led to excessive risk, but you still need some sort of short-term incentive," says top-pay consultant Don Delves. "People do stuff for money, and they tend to be more motivated by money they can get in the next year [than by] money they may not see for three or five years...
...Astronomy has gone through this metamorphosis. Look at the Greek astronomers,” says Lauren M. Weiss ’10, a STAHR officer. “They were just ordinary people who looked into the sky to try to understand it...But as science, and especially physics, has advanced, astronomy has too. Now to be an astronomer, it takes years to understand what is going on in the universe. This is unsatisfying to the average person, who looks up to the sky, wonders, and is truly inspired...
...every major vote since the fall of communism, reports of vote-rigging, ballot box-stuffing and voter intimidation were rife. In the most blatant violation, one polling station in Moscow recorded zero votes for the opposition Yabloko Party, even though its leader, Sergei Mitrokhin, and his family had all gone there to vote. (Their votes were later found during a recount.) It was a typical landslide day for United Russia. The party claimed victory in virtually all 7,000 races, in some cases by improbably wide margins. (See pictures of the recent war in Georgia...
...This statement, aired on state television, killed off whatever flicker of hope liberals had that Medvedev might finally start moving Russia toward real democracy. The humbled opposition has since gone back to their places in the Duma. And the pro-democracy camp can only look with dread to 2012 when Putin is widely expected to run for President again. Whether he realizes it or not, Medvedev may already be a lame duck...