Word: payouts
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...take-home pay was usually only a few hundred dollars a week, but the week he died, he made his last regular payment on a loan extended by a friend to help him buy the Geo Metro he drove. He played the lottery regularly and once collected a $250 payout, which he talked about for weeks. A co-worker, Robert Slayton, recalls that Wells' only vice seemed to be liquor: "He got off work at 9, and usually at 8 he'd ask if it was O.K. to make a run to the store to get a bottle to take...
...bulk of Grasso's payout--$91.6 million--comes from deferred retirement benefits and savings, and he enjoyed an 8% guaranteed return on one-tenth of his total compensation. "That's a little unusual," Jensen says, because most executive retirement plans peg their returns to vary with interest rates. Fink says the board will be reviewing all aspects of senior executive benefits in October...
...publicity, you need to market yourself. By using multimedia--music and entertainment as well as fashion--today's celebrities have three powerhouses to get them to the height of popularity. The more you put yourself out there and the more cultures you can cross over, the bigger the payout potential. And for those celebrities who have yet to figure it out, believe me, their agents are working...
...still wet on president Bush's stock-dividend tax-rate cut in early June when Corus Bankshares in Chicago voted to triple its annual payout. CEO Robert Glickman said the move was "solely in reaction" to the new tax treatment and that he was "very pleased" to provide shareholders with a beefy new payment. Little wonder. The Glickman family owns half the company, and his 25% stake in the bank will generate $5.8 million in annual after-tax income, up from $1.3 million...
Wall Street moneymen have been among the most aggressive in raising dividends: Goldman Sachs, where executives and directors collectively own 25 million company shares, doubled its annual payout to $1 a share. After tax, CEO Henry Paulson's 4 million shares will spin off $3.4 million in dividends--up from $1.2 million. Goldman spokesman Peter Rose says it's "preposterous" that the move had anything to do with personal enrichment and that Goldman's dividend was merely brought up to the industry average. Bear Stearns, long famous for nosebleed executive pay, raised its dividend 18%, to 80¢ a share. After...