Word: held
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...society. He decides what people - their pain as well as their day-to-day roles - are worth. Appointed 25 years ago to distribute about $200 million to Vietnam vets poisoned by the herbicide Agent Orange, he has become the Solomon of settlement. As head of the 9/11 fund, he held town-hall meetings and met one on one with countless grieving relatives to explain his bottom line on the lost years of mothers and fathers and daughters and sons. "He recognized the astounding amount of sensitivity of the assignment," says former Senator Charles Hagel, who supported Feinberg for the position...
...says in general, the companies have cooperated. But there has been tension. Feinberg asked all the firms to report how much stock each of their executives held, a point that a number of execs said might call into question their loyalty to their firm. AIG and a number of its top earners refused to give back past bonuses or rewrite contracts that guarantee multimillion-dollar bonuses at the insurer next year. And a number of companies insisted that his plan would hurt their ability to attract and retain talent...
...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 and may be sold only after the firm has repaid what it owes taxpayers. The result is that in most cases, much of what the executives will get paid - in some instances, nearly 95% - will be in long-term stock grants. For the most part...
...first stage of the massive Three Gorges hydroelectric dam, but the generator contracts required the foreign makers to transfer technology to Chinese partners, who took the lead in later phases of construction. A similar pattern appears to be playing out in alternative energy. Foreign wind-turbine manufacturers held nearly 60% of the Chinese market in 2006. By last year that position was reversed, with Chinese firms taking 74% of new installations, says Jun Ying, chief China representative for the consulting firm New Energy Finance. In fact, the number of Chinese turbine manufacturers has expanded so rapidly that the government, fearing...
...turn, called the new accord proof that Obama's hemispheric doctrine of "dialogue and engagement" can work. The more imperious Latin America policy practiced by past U.S. administrations often actively supported military coups in the region. The agreement is also a rebuff to the congressional conservatives who have held up key diplomatic appointments (including Shannon's as Ambassador to Brazil) to protest Obama's designation of Zelaya's ouster as a coup...