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...British drug firm GlaxoSmithKline cut the pay package of CEO Jean-Pierre Garnier last December after shareholders voted it down at the annual meeting. (He still earned $5 million last year in salary and bonus, a 14% raise.) Even at Ahold, which was in need of a white knight following an accounting scandal last year, the new CEO, Anders Moberg, faced a storm of criticism over his guaranteed $1.68 million bonus for each of his first two years. That was on top of a $1.68 million salary and stock options as well as a hefty exit package. Moberg, a Swede...

Author: /time Magazine | Title: Eurobosses: Spring Cleaning | 5/17/2004 | See Source »

...rolled out separate, free tabloids to appeal to that missing demographic. Some, like the Washington Post Co.'s Express, appear daily and are newsy, boiled-down versions of the broadsheet. Others are weekly and focus more on entertainment and lifestyle, like Gannett's CiN Weekly in Cincinnati, Ohio, and Knight-Ridder's StreetMiami, produced by the Miami Herald...

Author: /time Magazine | Title: Media: The Free Press | 5/3/2004 | See Source »

...license, which was given to a California company headed by aerospace pioneer Burt Rutan, represents "a big step" toward space tourism, said FAA spokesman Henry Price. Rutan's craft, dubbed SpaceShipOne, was successfully tested on Dec. 17 last year. It reaches high altitudes slung beneath the belly of White Knight, an ungainly jet aircraft, before being launched into space. The craft is competing for the $10 million "X Prize" for the first private team to send three humans to an altitude of 100 kilometers twice within two weeks. "If we are successful, our program will mark the beginning...

Author: /time Magazine | Title: Milestones | 4/12/2004 | See Source »

Rivers took it out on the golf ball, not the players. In today's game, screamers like Bob Knight earn more enmity than respect. According to both coaches and stress experts, volcanoes shouldn't be welcome in the white-collar world either. "Every time you embarrass a player on the sideline or in a huddle, it's a mistake," says Jim O'Brien, who quit as Boston Celtics coach in January after new general manager Danny Ainge traded away several of his favorite players. "You have to be man enough to apologize." That doesn't mean...

Author: /time Magazine | Title: Management: Full-Court Stress | 4/5/2004 | See Source »

...reporting the outcome of the games doesn’t even begin to do justice to all that transpired for Harvard down in Bobby Knight country this weekend. During a Saturday tripleheader featuring a 25-20 win over Air Force and 30-8 and 18-6 losses at the hands of Texas Tech, Harvard set all-time records for runs scored and runs allowed before sophomore Frank Herrmann stabilized things for the pitching staff with a 5-1 complete game victory on Sunday...

Author: By Robert C. Boutwell, CRIMSON STAFF WRITER | Title: CHAMPIONSHIP BOUTWELL: Baseball Openers Spell Success | 3/9/2004 | See Source »

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