Word: noted
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...four days after calling Wall Street bonuses “shameful,” the president had an even stronger message for financial executives: Going forward, no senior executives of a corporation receiving federal bailout money will be permitted to earn more than $500,000 a year. While taking note of the move’s limited potential impact and the political motives that likely underlie it, we embrace the president’s decision and hope it will foster both discussion and behavioral changes...
...light of these factors, we hope that executives will rise to the occasion and make do with their salary caps. Wall Street’s image could not be much worse, and executives must take note that taxpayer and consumer confidence matters. In the long run, we hope that this debate sparks a deeper discussion on the extent to which lavish salaries and bonuses by CEOs can be justified, in times of crisis or otherwise. As for now, the salary caps will apply only so long as corporations are relying on the government’s bailout. In other words...
...criticisms, however, it is important to take note that Tsvangirai’s decision is consistent with the very principle of democracy for which we clamor. After Tsvangirai had earlier yielded to the current deal that was brokered by the Southern African Development Community, it was up to the 60-member MDC national executive council to vote either in favor of or against participation. After an intense and charged internal debate that threatened to tear the party apart, the national executive council voted for participation. This decision represents an immense ideological shift by the MDC, a party that has always...
...level U.S. embassy messenger out of your country isn't the best way to cultivate it. Either way, this is the kind of atmosphere Obama will fly into in April when he attends his first regional summit, the Summit of the Americas, in Trinidad. It's instructive to note that Astorga's offending letter was dated Jan. 8 - while former President Bush, whose hemispheric policy was as ham-handed as any in memory, was still in office. Obama's first job in Trinidad is to convince the Latin Americans that he's not Bush. If he does, they're just...
...This time the expectations are much lower," says former vice- President Mohammad-Ali Abtahi, when asked why Khatami would have a chance of defeating the incumbent despite the disappointing note on which the reformist left office in 2005. "Expectations are low enough that people would be happy if he returned things to how they were at the start of Ahmadinejad's presidency... People know this is a critical moment for Iran because the Obama presidency is an opportunity this country needs to take advantage of. Whether we do or not, depends on [who is] president here...