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...movement is that CEOs get paid a market rate and say-on-pay votes undermine the very nature of corporate governance - a board of directors charged with luring and keeping the best talent. In the rebuttal statements to say-for-pay proposals found in their annual proxies, companies lay out all sorts of counter-arguments. IBM says there's no way that shareholders can know what's an appropriate pay practice since they're not privy to competitive information like which executives are receiving other job offers. Coca-Cola stresses that shareholders already have a way to deal with...

Author: /time Magazine | Title: Giving Investors a Say on CEO Pay | 4/9/2008 | See Source »

...Princeton, are already part of the Intercollegiate Quidditch Association, the official league started by Middlebury College students in 2005. Muggle Quidditch is played just like wizard Quidditch—for the most part. The game includes equipment such as broomsticks, golden goal hoops, Quaffles, Bludgers, and a Snitch (in lay terms, balls). But without bewitched broomsticks and bewinged Snitches, the game has a few differences. Muggle (non-magic) players keep their feet on the ground, holding a broom between their legs, and play in confined areas such as soccer fields. A live person runs on and off the field...

Author: By Shan Wang, CRIMSON STAFF WRITER | Title: Muggle Madness | 4/9/2008 | See Source »

...programs. The current farm bill allows farmers with incomes up to $2.5 million per year to collect federal dollars; in 2001, 73 percent of subsidies went to the largest 10 percent of American farms. Previous recipients of much-needed farm aid have included media mogul Ted Turner and Kenneth Lay of Enron fame. David Rockefeller—one of those Rockefellers—received $554,000 in subsidies from 1995 to 2005, despite his estimated net worth of $2.6 billion. Farmer’s need subsidies almost as much as hedge fund managers do. In an era of gaping budget...

Author: By Daniel E. Herz-roiphe | Title: Harvesting Cash | 4/7/2008 | See Source »

Losing more than $1.6 million a day, Alitalia said in February that its cash reserves had dropped to $263 million. With money rapidly running out, and no good offers on the table, the board may well opt for filing bankruptcy to stave off creditors and force lay-offs and an organizational overhaul. Italian officials say most service would likely continue while the financial restructuring is underway...

Author: /time Magazine | Title: The Crack of Doom for Alitalia | 4/4/2008 | See Source »

...confirms to many Sadr's breath of power and the limits of Maliki's. Three days into his poorly executed military campaign on Basra - initially commended by Washington as a decisive show of strength by the government - the Prime Minister extended by ten days a deadline for militants to lay down their arms. Now, despite what the U.S. Embassy and Coalition forces have called a successful run in Basra, Maliki appears to have eased the pressure off the Mahdi Army entirely...

Author: /time Magazine | Title: In a Calmer Baghdad, Maliki Caves | 4/4/2008 | See Source »

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