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...tiered program, with extra restrictions applied to basket cases like AIG, Citigroup and Bank of America, all of which tapped the federal till for hundreds of billions of dollars to recapitalize their broken balance sheets. In addition to the cash limit, the "maximum wage" plan allows companies to reward "senior management" - a complement of no fixed definition - with restricted stock, but it can only be cashed in after the government is paid back. There are also prohibitions against golden parachutes as well as a clawback provision - the company may reclaim that stock if its results subsequently tank - that can extend...

Author: /time Magazine | Title: Can Obama's Executive-Pay Limits Tame Wall Street? | 2/4/2009 | See Source »

...seeking for years. But he added that while the funding meets short-term needs and would help clear the clogged pipeline of NIH projects, the Collaborative wants to ensure that there would be adequate long-term funding as well. The bill also allocates billions of dollars to increase the maximum award levels for Pell Grants and Stafford loans that go toward undergraduate financial aid. While Harvard’s comparatively generous aid program may dampen the need for such federal funding, Casey said that Harvard has tried to “raise [its] voice in the national interest...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: House Approves More Funding for Science | 1/30/2009 | See Source »

...Warner asked the SEC nominee if "we needed prohibition of some financial instruments?, she answered cautiously: "We will explore prohibiting some instruments." She added that one big problem was turf wars among regulatory agencies. "Regulators need to cooperate," she said. "We haven't shared in past, we need a maximum number of eyes" to stop fraud...

Author: /time Magazine | Title: Can Mary Schapiro Revitalize the SEC? | 1/27/2009 | See Source »

...government's economic policies. Those thoughts generated huge attention in Korea, particularly following Minerva's prediction that Lehman Brothers would fail. Those musings, however, have not sat well with Seoul. Now Park has been taken into custody by the government and, according to his lawyer, faces a maximum five-year prison sentence for allegedly spreading false information with the intention of harming or threatening public interest. Late last week, Park was denied bail...

Author: /time Magazine | Title: Seoul Cracks Down on an Internet Financial Guru | 1/22/2009 | See Source »

...long history of the world, only a few generations have been granted the role of defending freedom in its hour of maximum danger." - Kennedy Inaugural Address...

Author: /time Magazine | Title: The Economy: A Portrait Of The 2012 Inauguration | 1/20/2009 | See Source »

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