Word: mercerize
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Most important, and perhaps ironic, a downturn in the bonus economy could cause a wider ripple effect than traditional layoffs. "The pain is now spread through more people in the company," notes Steven Gross, a compensation expert with the firm William M. Mercer consulting. "The drop in bonus pay will have an effect on consumer spending. And it could be dramatic." Just how dramatic? Thanks to cutbacks in variable pay, personal income in the first quarter of next year could drop as much as $30 billion, according to a study by economist John Youngdahl of Goldman Sachs...
...American aid workers on trial here, accused of preaching Christianity. After traveling 10,000 miles to a country where few dare to venture, the parents had to leave their daughters behind to an uncertain fate. Waiting to board a U.N. plane for Islamabad, Deborah Oddy, mother of Heather Mercer, 24, wore a black head scarf and sobbed uncontrollably. Since the Soviet invasion in 1979, this country has seen more than its share of tears. Now the frightened residents of Kabul are worried that this latest incident will bring on even more...
...Empire Cross/Blue Shield, 866-761-8265 Fiduciary Trust Co. International, 1-800-632-2350, ext. 22578 Fuji Bank, 1-888-537-FUJI (3854) Keefe Bruyette & Woods, 800-223-3810 Kemper Insurance Co., 800-622-9966 Lee Hecht Harrison, 201-782-3704 Marsh & McLennan (includes related businesses of Mercer, Guy Carpenter, Seabury & Smith and MMC Enterprise Risk), 1-212-345-6000 Maxcor Financial Group, 212-317-1000 Morgan Stanley, 888-883-4391 Pitney Bowes, 800-932-3631 Thacher, Proffitt, & Wood...
...Count Basie and Duke Ellington outfits, and he proved he could play with the big boys, winning their respect after initial skepticism. It also showed he could lay his easy, tortured vocal style on such chestnuts as Irving Berlin?s "Alexander?s Ragtime Band" and the Arlen-Mercer "Come Rain or Come Shine." Then he was gone -away from Atlantic, off to ABC Paramount, for the life of an interpretive rather than creative artist. Ray Charles sings country? Well, why not? But not at Atlantic, where Ertegun had to be asking, "Where...
...Crimson faltered in those contests, as it was swept by Georgia Tech and Canisius but managed to take two from Mercer...