Word: overpaid
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...last week’s atrocity has forced the entertainment industry into uncharted territory–and before industry standards return to reporting the latest gossip, we should take note of humanity’s 20, instead of 15, minutes of fame. But while the thought of watching ridiculously overpaid stars parade down a red carpet in million dollar outfits, or even the thought of catching a comedy at your local cineplex may seem obscene now, eventually the time will return when laughing is okay; we just won’t be so naïve about...
...firm as well as his old one. That's noteworthy because at the heart of CSFB's problems, and one of the main reasons Mack was hired, is an IPO scandal that has shredded the firm's reputation. There are other issues at CSFB too. The firm overpaid for competitor Donaldson Lufkin & Jenrette, and now is losing some of the star bankers that came with that acquisition. CSFB defines excess: 60% of revenue goes toward employee compensation, a full 10 percentage points over the industry norm...
...several in that category are in renewed crisis?despite having done most of what was asked of them by the IMF. The problems of Argentina have spilled over to Brazil, and those of Turkey have set off the usual round of bad mouthing of emerging markets from the always overpaid, usually undereducated people who run London's trading desks and the world's major (mostly American) investment banks. Their juvenile views get instant exposure on the wire services, TV talk shows and the business dailies. Western orthodoxy tells us to believe that markets deliver rational results. But in practice, crowd...
...that is when I started to wonder if this was the path I wanted to be on. Did I want to follow two of my immediate predecessors into working for Sports Illustrated, the Bible of my youth? Did I want to trail overpaid athletes with a tape recorder, hoping I had gotten the crumb of a quote to separate my story from a rival's? Did I want to sit in an office, orchestrating a section from my desk, waiting for my minions to bring their "big scoops" about the contract negotiations for a new shortstop...
...looking for color. Relief material piled up but was not distributed. (Some ended up in Gujarat after its devastating earthquake 15 months later.) The greatest crime of all: officials responsible for relief, after failing in their jobs, were allegedly found swindling the state treasury. According to the author, they overpaid for plastic sheets for shelter and took a cut from the dealers...