Word: hewitt
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Every August for the past 19 years, Elizabeth Chapman Hewitt has seen her students pack their belongings and leave Cambridge for destinations throughout the country, carrying with them memories of their Harvard experiences. Today she will join them...
...body heat by bobbing, swaying, spinning and changing color. Put your hand in front of one, and its petals contract into a bud and turn bright green or red. Stand near another, and notice how the soft, ambient music in the background changes pitch. Now showing at the Cooper-Hewitt National Design Museum in New York City, through January 2004, Cyberflora Installation was created by Breazeal, a professor of media arts and sciences at M.I.T. Media Lab, and a team of her students. "So many robots are seen as mechanical drones that do physical labor," says Breazeal. "I wanted...
...requires disclosure of top people's pay and severance packages at listed companies, but so far it has disclosed only a few cases of high pay for poor performance. Can legislation put the fat cats on a diet? Recent British shareholder activism has encouraged Trade and Industry Secretary Patricia Hewitt to prepare a paper looking at excessive board-room remuneration awards, but its ultimate recommendations remain uncertain. And in the end clever executives and accountants could find ways to circumvent legislation. It's up to shareholders to hold the cats' paws to the fire...
...Xerox, to name a few--will have to cut benefits as they fight to absorb the outsize costs of their retired work forces. Only 62% of large employers provided health benefits for retirees 65 and older in 2001, vs. 80% a decade earlier, according to a survey by consultants Hewitt Associates. Eight of 10 large employers say they will probably increase the amount employees pay for health care this year, according to the Kaiser Family Foundation. On average, workers today contribute $174 a month for family coverage, up from...
...down, the fur is up, and as the annual general meetings kick off, the claws are out for corporate "fat cats." Last week 21% of shareholders voted against executive pay packages at British group HBOS, nearly 50% voted no at BAE Systems, and U.K. Trade and Industry Secretary Patricia Hewitt began investigating ways to limit executive compensation. This despite the fact that most European execs earn a pittance compared to their American cousins: Novartis' respected CEO Daniel Vasella took a top spot on Europe's pay charts by earning $14.9 million last year - less than the U.S. average and under...