Word: payout
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...University yesterday announced its highest increase to endowment payout in five years, acknowledging that the distribution of funds from the endowment to its schools had failed to keep pace with high returns on Harvard’s investments...
...beneficiary of House trusts. The income from these trusts should then be distributed equally among HoCos as part of their annual funding package. In those cases where trusts cannot be alienated in this way, the College should either deduct the amount of the trust’s annual payout from the House’s annual funding or require the House to remit the trust’s payout to a central fund, for subsequent equal distribution among Houses.The Harvard campus has been cleverly divided into relatively small, manageable, contiguous communities since the 1930s. To fail to take advantage...
...face it. The richest university in history can afford to pay its workers more than poverty wages. The proposed raise would cost just a little over $10 million, amounting to no more than 0.3 percent of last year’s endowment return, or 1 percent of the expected payout...
Under the deal, United will reinstate 475 flight attendants, in addition to 400 it has already rehired. Each will receive between $9,000 and $22,000 in back pay and benefits. Some 890 other plaintiffs who will not return may also receive part of the payout. Said Thomas Meites, an attorney for the flight attendants: "It's a terrific settlement. It's too bad it took so long to get it." AVIATION Mayday for Flying Tigers...
...speculation that politics was behind the move is "exactly wrong," a career Justice Department prosecutor involved in the case told TIME. Government attorneys were caught off guard in February by a circuit-court ruling that severely limited the payout they could seek from Big Tobacco, said Justice Department officials. Under the racketeering statutes cited in the case, the government could not recommend a penalty for any past wrongdoing and instead was restricted to proposals geared to prevent and restrain future action. Prosecutors scrambled to adjust their case. The solution, based on recommendations by longtime Justice lawyers...