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Complicated pay formulas aren't all the board may have failed to grasp. Every year since Grasso took over at the exchange, it has trounced internal performance targets, which center on things like trading volume and market share. How the exchange measures up against its predetermined targets heavily influences annual bonuses. A typical company will reach its performance targets less than 75% of the time and only rarely blow through them by a wide margin, says Pearl Meyer, an executive compensation consultant. Yet since Grasso took over in 1995, the exchange has far exceeded its targets every year, documents show...

Author: /time Magazine | Title: Grasso In The Stocks | 9/22/2003 | See Source »

...burger chain Carl's Jr., which is testing ExpressPay, faster lines at the cashier and reduced backups at the drive-through window have brought in new customers. "It's a no-lose situation," says Jason LeVecke, grandson of the chain's founder. Women seem to grasp the advantages of the new system quicker than men--something Amex learned to its surprise in focus groups. "It sure would be easier than fumbling around in my purse," says Tracey Serenka, who had her two sons--Eric, 1, and Jason, 4--in tow at a Carl's Jr. recently. Another advantage over...

Author: /time Magazine | Title: The See-It-All Chip | 9/22/2003 | See Source »

Newcomer to Watch Mazza. He was the biggest name in the Class of 2007, and should show why immediately. His teammates rave about his uncanny grasp of Harvard’s complicated offense, and his size and ability should allow him to showcase...

Author: By Lande A. Spottswood, CRIMSON STAFF WRITER | Title: Football Refreshes Receiving Corps | 9/10/2003 | See Source »

...ship poked its nose out into the sea, he tried once again to explain what on earth possessed him, why someone with no background as an adventurer and no special expertise in maritime history would undertake such an arduous voyage. Baffled, it seems, that anyone might fail to grasp the logic of his epic expedition, he murmured with quiet conviction, "I just want to prove that it can actually be done...

Author: /time Magazine | Title: Sailing in History's Wake | 9/1/2003 | See Source »

...government" affair. It may take relatively small numbers of troops to knock out odious regimes, but stabilizing the countries they leave behind inevitably requires a lot more - a point some of the Iraq war's key architects, such as Deputy Defense Secretary Paul Wolfowitz, seemed conceptually unable to grasp before the war. But as the Economist tartly notes, war lite is all very well, empire lite could be a tragic mistake. Iraq - and Afghanistan - are only likely to be stabilized if the U.S. is willing to commit a lot more troops, or else persuade competent allies to do so. Presumably...

Author: /time Magazine | Title: Terror and Turbulence Will Follow Bush Into His Reelection Year | 8/21/2003 | See Source »

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