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Most of the surgery in the country takes place in hospitals without residency programs. In these hospitals, the attending surgeon is paid by an insurance company to do the operation (in contrast, at most teaching hospitals, surgeons are either on a fixed salary or part of a group that pools and divides fees) - and he must arrange for another surgeon's help. This used to be easy, in 1985, when the standard assistant surgeon's payment of 20% of the primary surgeon's fee was a great incentive. Since then, the surgeon's expenses have more than doubled, while fees...
...Spirit Memorial Fund, set up for the benefit of victims' families in the wake of the 2007 Virginia Tech mass shooting. In his latest high-profile role, as the Obama-appointed executive-pay czar, Feinberg announced Oct. 21 that the Treasury Department will slash compensation for the 25 highest-paid executives at the seven firms that received the largest chunks of federal bailout money: Citigroup, Bank of America, AIG, General Motors, Chrysler and the financing arms of the two automakers. Salaries are expected to shrink 50% on average, with the majority falling below $500,000, though firms that have already...
...been living under a rock for the past few months, FM has gathered some stats on the recession’s effects on Harvard, ranging from the obvious to the surprising to the potentially infuriating. Just remember: regardless of what our endowment is and what our administrators get paid, there is “a wealth of intellectual opportunity within this university.” Yeah, thanks, President Faust...
...most powerful players. Working largely through BIO and the Pharmaceutical Research and Manufacturers of America (PhRMA), it has funded an extensive network that includes not only lobbyists but also think-tank experts and advocacy groups. "You can't get on the phone with someone who isn't getting paid," says an economist who has studied the biologics issue with funding from a drug company. "They give money to everyone and anyone...
...give biologics companies at least 12 years of exclusivity. ("I wouldn't do this if I didn't believe it," Dean, a physician, said in an interview.) His former campaign manager Joe Trippi echoed Dean's views on a Huffington Post blog without disclosing that he had been paid by BIO to create two Web campaigns. (He also says his views predated his paycheck...