Word: hardding
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...employment lawyers and pay experts say more needs to be done to rein in Wall Street compensation. In practice, it is often hard to get employees to return pay. Moves to limit clawbacks only to deferred compensation (money that is earned but not paid out until a specified future date), which is the easiest to recover, may actually increase risky behavior. What's more, clawbacks vary widely from firm to firm. Some provisions only cover top executives; other firms exclude top executives from the plans...
While compensation consultants say clawbacks are a nice idea, they are very hard to execute. Getting employees to return paychecks that they have already cashed, spent and paid taxes on can be tricky. And most policies are not specific enough as to when pay can be recovered. That, employment lawyers say, can lead to abuse of the policies by the companies. "No question this is going to lead to a lot of litigation," says Michael Deutsch of law firm Singer Deutsch. "Clawbacks are unwieldy and can subject employees to abuse...
...years at Apple before founding Posterous, a Web service that simplifies and streamlines tasks such as blogging and posting to social networks. "MobileMe [Apple's service that syncs e-mail, contacts and calendar events] has not succeeded here, and they are in a vicious cycle, since that makes it hard to recruit smart Web developers...
...come off: optimistic, confident, resolute, gracious. What he has to avoid seeming: defensive, negative, churlish, sarcastic. Behind the scenes, Obama has been evincing some frustration with the media coverage of his first year in office; like most Presidents, he doesn't think he is getting enough credit for his hard work, nor enough patience for evolving efforts. But 2010 needs to be about the future, not grievances of the past - and that includes an end to blaming the Bush Administration for the problems Obama inherited...
...been a member of the left-wing Italian terrorist organization the Red Brigades. (He was in fact a Turkish nationalist named Mehmet Ali Agca, who last week was released from prison.) Also, beyond the self-flagellation, John Paul sought to move closer to God by sleeping on the hard floor of his papal bedroom. The physical suffering he inflicted on himself may in fact help propel him to sainthood faster than anyone before...