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...alumni protested what they viewed as excessive compensation in a series of letters to then-President Lawrence H. Summers. Faced with unwelcome media attention, the HMC board voted in 2004 to impose lower pay ceilings for fund managers, and HMC President Jack R. Meyer, who oversaw the endowment's growth from $4.7 billion to $26 billion, left the organization the next year to start his own hedge fund...
...squirreled away $16.3 million, for a cumulative $178.2 million. The holdovers had such an edge over newcomers that Hollywood should consider establishing a tier system, like in the English football leagues, with the big Christmastime films at the Premier level and the January releases competing among themselves in a lower group...
...very different demands encountered in the developing world are forcing an overhaul of the way India's IT firms conduct business. Their goal for the past 30 years has been to woo clients outside India, but to transfer as much of the actual work as possible back home, where lower wages for highly skilled programmers allowed them to offer significant cost savings. With costs in other emerging economies equally low, India firms can't compete on price alone. Emerging markets also require that services be offered in languages other than English. (see the turning point for the global recession...
Currently, assisted living is not covered by most states and is paid out-of-pocket by individuals. Grabowski said the system “accentuates a two-tiered elderly health care,” in which people from lower income communities live in Medicaid-financed nursing homes, while those who can afford the costs choose assisted living—the favored type of care...
...Congress is looking to expand Medicaid because in terms of raw costs, it is the cheapest and most efficient way to cover people of modest means. That's in part because Medicaid pays doctors and hospitals far lower reimbursements than private insurance does and in part because the states pick up some of the cost...