Word: payouts
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...Harvard Corporation’s decision not to increase endowment payout for the next fiscal year will put the squeeze on the school as it is just beginning to emerge from its fiscal woes, although Newman said the school is prepared for such a decrease in revenue...
...Harvard Corporation is expected to vote this fall to not increase endowment payout for the next fiscal year, a rare move that would decrease schools’ real endowment revenue in already lean times...
...month. A handful of blue-chip companies, including Bank of America, Citigroup, Colgate-Palmolive, Goldman Sachs and Starwood Hotels, boosted their dividends a whopping 30% or more. Some smaller firms have been even more aggressive. Energy company Kinder Morgan has a volatile dividend history but recently raised its annual payout to $1.60 a share--five times what it paid last year and double its biggest dividend in the past decade. Corus Bankshares, which has nudged up its dividend for 23 consecutive years, last month tripled the annual payout to $2 a share and now sports a 4% yield--more than...
...INDICATORS Overtime Under Way The French Parliament approved controversial pension reforms requiring state employees to labor a further two-and-a-half years in return for a full pension. In line with the private sector, by 2008 all public workers will work for 40 years to get the maximum payout...
Indecent Proposal Add this to the already bloated annals of fat-cat pay: a U.S. arbitration panel last week upheld a $23.6 million severance payout for Jean-Marie Messier, the ousted CEO of Vivendi Universal. Jean-René Fourtou, Messier's successor, described the payout as "indecent" and promised to contest the decision. He has little room for maneuver: the payout was written into a U.S. contract agreed to last July by two Vivendi directors, Marc Viénot and Edgar Bronfman Jr., to persuade Messier to depart quickly and quietly. The full board rejected the contract days later, after...