Word: payday
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...runs from one event to the other, herding the 30-some-odd contestants around like an inexperienced babysitter at a children's birthday party. The former computer programmer has been without a job for less than two months and says the idea for the four-event competition - Telephone toss, Payday piñata, Pin-the-Blame-on-the-Boss and the "You're Fired!" race - just popped into his head one night. "Normally you think of things like this but never do them," he says, "but I have so much free time right now, I decided...
...controlled by the Federal Government, was appropriate and necessary. And now Obama was faced with the fact that his new executive-compensation policy, which applied to only a narrow subset of executives at a few institutions, was powerless to stop the worst violators at AIG from getting their undeserved payday. (See the worst business deals...
...these people will now walk away with a significant payday: $165 million for about 400 employees, on top of $55 million the same people earned last year, a year that ended with AIG posting a $61.7 billion fourth-quarter loss, the largest quarterly loss in corporate history. (If it is any consolation, senior managers in the financial-products division will make about 43% less in 2008 than they did a year earlier, according to the company.) As Fed Chairman Ben Bernanke put it, "It makes me angry. I slammed the phone down more than a few times discussing...
...good time when I was working with good directors. When I was working with Adrian Lyne on 9 1/2 Weeks, I was fine with that. I was fine with Francis Ford Coppola when we did Rumble Fish. It would fall apart with me if I did material for a payday. When you got bills to pay, you've gotta take a part that I would call a piece of crap. Then you just don't like yourself. That was when I really started to self-destruct. Harley Davidson and the Marlboro Man--that started...
...Yunus believes that in just a few years Grameen America will be so successful that it turns a profit, thanks to 9 million U.S. households untouched by mainstream banks and another 21 million using the likes of payday loans and pawnshops for financing. Profit has long eluded U.S. microfinanciers. "If it's not profitable, it's not microlending - it's charity," Yunus said on a recent trip to the U.S. The question, then, is whether there is a role for a Third World lender in the world's largest economy...