Word: payout
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While Kirby noted that the 2 percent payout from the Corporation was an unexpected plus (please see story at left), he said that the rising costs of the Faculty, combined with increases in fringe benefits rates, offset the payout increase...
Comparing the 12 percent endowment increase to the 2 percent growth of payout, Mendelsohn wondered what happened to the other 10 percent...
...argue with an economist of your stature,” Mendelsohn replied. “But payout is less than half of what it’s been to the Faculty in the past few years...
...Harvard Corporation voted last month to increase endowment payout 2 percent for the next fiscal year, a meager gain that will nevertheless mark a real decline in the amount that schools receive from the endowment annually...
...Corporation. Murdoch Sr. allowed that there was "a suspicion of possible nepotism" but said he's not leaving. "You have an arrogance ... that is completely appalling," said another investor, who envisioned decisions "being made over breakfast." But BSkyB won all resolutions. James can serve on the board, and a payout to ex-boss Tony Ball passed. The only father/son crack appeared when senior said BSkyB will miss a goal of €575 revenue per customer. "We don't see any reason to change those targets," James retorted. Is that any way to talk to your FA - chairman? - By Mark Halper...