Word: move
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...latest move to rebuild its reputation, Goldman will reportedly require its executives and top managers to donate a portion of their bonuses to charity. Goldman already has a program to promote voluntary giving by the firm's partners, which was started two years ago. The new program would expand the program to more of the firm's employees, and set a mandatory floor for charitable giving. While it's rare for a company to force its employees to donate, lawyers say it is perfectly legal. Bear Stearns, which was swallowed by JPMorgan Chase at the beginning of the financial crisis...
Nonprofits, too, are likely to cheer the plan. Bradford Smith, who is the president of philanthropy-research firm Foundation Center, says Goldman's move could help service organizations at a time when many are struggling to raise funds. "Ideally, you would hope rich people would voluntarily share their wealth," says Smith. "But Goldman is leader in the corporate world, and if others follow, this could be a needed windfall for nonprofits...
...abundantly profitable in the not-too-distant future. It is the industry's wish too, I dare say. The problem, as ever, is the manner in which the airlines hope to attain this elusive status - by once again sticking it to the customer. This week's chapter involves a move by Delta, quickly copied by Continental, to raise fees for bags checked at the airport to $25 for the first bag and $35 for the second. (It's $2 less if you check in online...
That's not to say geologists aren't making headway. Instruments that detect P waves are a good example. Earthquakes set off two kinds of seismic vibrations: body waves, which move through the interior of the earth, and surface waves, which move on top. The fastest of the body waves is the P wave, and it's thus the first to travel from the epicenter to a seismic station where it can be detected. P waves don't give you a whole lot of notice, but even a little bit can help. In California, gas lines in many homes...
...suspension to deal with erratic road conditions. It also meant accommodating a slightly different driving style. "People like to drive away quick [from traffic lights]," says Slym. "They don't like anyone to get in front of them so your transmission has to allow you to move away from the lights quickly, but also has to allow you to drive in traffic in second gear." (See GM's great hopes...