Word: paid
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...studios paid more attention to the films screened at Sundance, the festival became an incubator where indie projects became box-office successes. Winning a coveted award often meant an instant distribution deal. Quentin Tarantino, who had received funding and creative support from the Sundance Institute, premiered his 1992 film Reservoir Dogs at the festival; the film went on to earn more than $2 million at the box office and established his reputation as a significant American auteur. The Blair Witch Project, a tiny, scary independent film produced with a budget of less than $25,000 by two old friends from...
...employment lawyers and pay experts say more needs to be done to rein in Wall Street compensation. In practice, it is often hard to get employees to return pay. Moves to limit clawbacks only to deferred compensation (money that is earned but not paid out until a specified future date), which is the easiest to recover, may actually increase risky behavior. What's more, clawbacks vary widely from firm to firm. Some provisions only cover top executives; other firms exclude top executives from the plans...
...should make sure they get their compensation decisions right in the first place," says Hye-Won Choi, who is the head of corporate governance at TIAA-CREF, which manages retirement accounts. "It is much easier not to give awards up front than it is to take them back once paid...
...expanding those provisions to more employees. A few months ago, Morgan Stanley extended its clawbacks to trades that end up being losers. Bank of America is planning to extend its clawback provision to its top executives. And Goldman Sachs recently said bonuses for its top executives will be paid in restricted stock, making it easier to recoup pay down the road. (See pictures of the downfall of Bernie Madoff...
...expect, preventing a catastrophe for a relatively paltry price. Bernanke has been pilloried for conjuring up trillions of dollars out of thin air and lending to unconventional borrowers who had never dreamed of getting their hands on Fed cash, but more than 80% of his emergency loans have been paid back, and the Fed is returning record profits to taxpayers. Bernanke used the Fed's jaws of life to rescue us from a brutal wreck; it's galling to hear politicians complain that the rescuer might have broken a window...