Word: lavishly
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Dates: during 2000-2009
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...companies looking to make cuts in the grips of recession, the appetizer, entree, and dessert may be the first things to go. The company holiday party, once an obligatory, lavish celebration, has become “gauche” in a time of pink slips and downsized bonuses, said desserterie Finale co-Founder and President Paul D. Consorti. And Cambridge’s high-end eateries are feeling the pinch. “We had a company, that will remain nameless, cancel their annual holiday party because the week before they had laid off a bunch of employees...
...course, the above describes the lavish world of financer R. Allen Stanford, a near Madoff who, according to the SEC, allegedly pulled off a 15-year Ponzi based on suckering investors with $8 billion or more of so-called high-yield certificates of deposit. According to the SEC, he has yet to hire a lawyer of record, and he could not be found for comment...
...Washington Outearning the Boss Critics have blasted colleges for doling out lavish pay packages to their presidents, but chief executives at private colleges reaped just 11 of the top 88 salaries awarded during the 2006-07 fiscal year, according to a compensation analysis. Even those educators may feel the pinch soon: a separate survey warned that fundraising totals at major schools are dipping amid the recent economic swoon...
...undergraduates here at the College—and at similar institutions—must realize that the days of simply expecting a firm to offer lucrative summer internships to nearly every qualified applicant are over. Unfortunately, most summer internships do not cover rent and plane tickets or offer a lavish monthly bonus—the way things are going now, you may not be paid at all. Those Harvard students who simply assumed that an entry-level analyst position would somehow magically materialize for them will now have to learn the hard way that finding a summer...
...think for a minute that all this lavish spending at the Grand Palais in Paris might be an indication of a positive turn of events for the world's economy. Indeed, it may be just the opposite. David Nahmad, one of the world's top private art dealers who doubles as a major world currency trader, says the eagerness to invest cash in art is a very visible confirmation of the skepticism that investors have about the crippled financial system. "People today don't know where to put their money. The banks are fragile, the hedge funds don't exist...