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While the amount Hall would have gotten paid is unusual even for Wall Street, how he got paid is not. Hall had a pay package with Citigroup that guaranteed him a percentage of the profits of his group. Recruiter George Stein of Commodity Talent says it's normal for traders to get paid as a percentage of their division's profits. Most contracts guaranteed traders around 9% to 11% of their group's profits, before compensation. What's unusual about Hall is that he reportedly receives as much as 20% of his unit's profits, which sets...

Author: /time Magazine | Title: How Citi's Andrew Hall Made $100 Million Last Year | 10/19/2009 | See Source »

...born in 1953 and I got my polio shots when I was age 4, and I am thankful as there were still cases of the disease in Europe at that time. But I am against giving babies vaccines against everything. I've had measles, whooping cough, rubella and chicken pox. I survived them all. Vaccinations should be kept to the minimum, so that the body can respond to ailments in the natural way. Roberta Fischer Malara, VARESE, ITALY...

Author: /time Magazine | Title: China's Future | 10/19/2009 | See Source »

...interview on PBS-aired talk show Charlie Rose Wednesday night, Faust confidently lapped up PR for Harvard's financial aid programs, got excited about the Internet revolution and studying slavery, and smoothly dodged (not rigorous) inquiries about the University's financial conundrum. As one frequent Harvard pundit and critic remarked: "The president has spiffed herself up a lot, she’s dressing better, and somehow she looks younger. Botox? Cosmetic surgery? Or just great TV makeup...

Author: By Peter F. Zhu | Title: Our Fearless Leader on the Tube | 10/18/2009 | See Source »

...Faust seemed to only really get excited when Rose got talking about education itself. Indulge in Faust-isms after the jump...

Author: By Peter F. Zhu | Title: Our Fearless Leader on the Tube | 10/18/2009 | See Source »

...hours of nearly continuous coverage of the balloon's flight, it appears the incident will result in little more than an afternoon of media frenzy. The Heene family may share a hobbyist's appreciation of ballooning, but surely they'll be grateful that their 6-year-old never got any firsthand experience miles above the ground...

Author: /time Magazine | Title: Do-It-Yourself Ballooning | 10/16/2009 | See Source »

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