Word: pay
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...whose revenues were declining, the credit line that started at $250,000--and steadily increased for six years--matured, was briefly extended and then was cut at the bank's discretion. The bank FedExed my husband and his former business partner a letter saying they had nine days to pay back a seven-figure...
After two years of negotiations, a settlement that could pay out as much as $675 million to workers who assisted with the cleanup of the World Trade Center site went before a federal judge on March 12. If the settlement is approved, more than 10,000 people could receive compensation for illnesses caused by contaminants at the site. Claimants would need to prove that they were at ground zero and are legitimately sick...
...chairman Chris Dodd unveiled a bill to increase oversight of the financial industry, a move he said would better equip the country to deal with future economic crises. But Wall Street has already balked at his plan, which includes a new consumer-protection bureau, gives shareholders input on CEO pay and improves regulation of credit-rating agencies such as Moody's and Standard and Poor...
...President must go even further. Our schools still offer teachers lifetime job protection, predominantly lockstep pay systems and seniority rules that reward longevity, not excellence. Our budget hole in New York is so big that we'll probably have to lay off teachers later this year. You know who will be the first to go? Thousands of energetic new teachers--simply because they were the last people hired. Sure, experience matters. But so do skill and energy. We must be able to make staffing decisions based on performance, not just time served. This President has shown an unprecedented willingness...
...they show a record number of city students receiving diplomas, including black and Hispanic students, who have historically been more likely to drop out. In the past four years, we've cut the dropout rate in half. The President calls for similar accountability measures in his plan, including performance pay and mandated school-improvement strategies. He's also in favor of requiring states to develop systems to evaluate teachers in part on the basis of student performance. This will go a long way toward improving teacher quality...