Word: nested
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Dates: during 1990-1999
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...that 10 days ago he made an abrupt about-face, scaling back a change to the company's retirement plan that was supposed to save $200 million annually? And did Gerstner realize he was feeding a nationwide workplace riot among baby boomers, who are convinced their nest eggs are being plundered...
...Xerox to Kodak, have already made the big pension switch--moving millions of employees from the traditional system, which rewards longevity and piles up cash in a worker's last years of service, to more flexible, so-called cash-balance plans. The new model lets workers build up their nest eggs at a steadier pace and take the balance from job to job. It is more consistent with today's career cycle. But when IBM announced its conversion in May, thousands of middle-aged IBM workers, hardly known for their activism, began screaming that the switch promoted age discrimination...
Instead, we could take a little bit out of that multi-billion dollar nest egg and donate what we could call the Crimson Cup. We'd make it big and shiny. Inscribe on it the names of our undergraduate Houses. Smack that Veritas shield right on it's face. Then put it up for grabs...
...Lizard Lounge has a devoted, dreadlocked Cantabridgian following, but few Harvard types are cool enough to know about this avant-garde nest of musical experimentation. The lounge is 1920s Paris underground jumpstarted by a few decades, air-conditioned and in English. "Club d'Elf" performs mind-expanding electronica on Thursdays while Sundays see one of the best poetry jams in town, accompanied by the smooth Jeff Robinson Trio. Anyone can have a go: the atmosphere is hip yet forgiving...
...first time in six years, Harvard has fallen short of projected investment returns from its multibillion-dollar endowment--the University nest...