Word: payouts
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This year, the University’s undergraduate and professional schools received only a 2 percent increase in endowment payout, and Summers said he has told deans to expect payouts in a similar range for the next several years...
...normal that our salaries are higher. No airline will pay the same to long-haul pilots and those flying commuter planes." If the union persists in its demands, Swiss spokesman Markus Baumgartner warns, the company would have to restructure its route network in order to save money for the payout, a move that could cripple the fledgling airline. Meanwhile, management is trying to put old hostilities to rest by organizing training sessions and social events that bring pilots from the two sides together, though there are no immediate plans for them to share a cockpit. "Reconciliation may take some time...
...service Premiere World long before the company, owned by media tycoon Leo Kirch, went bust. Middelhoff also persuaded Bertlesmann to buy the giant U.S. publisher Random House for $1.2 billion. His contract, reportedly paying him j8 million a year, was extended for five years only last month. (His payout is expected to be suitably generous...
...sort of in a trap," says Commerzbank analyst Marc Thiel. "They need cash for their maturing policies, but they can't cut the bonuses they offer customers or they'll lose business." Switzerland's insurers face a similar problem, and the government there responded by lowering the mandatory payout from 4% to 3%. German law says insurers can reduce payouts to policyholders to 3.25%, but that still leaves many of the smaller mutuals - which didn't boost their equity game until late in the bull run - in trouble. Now industry groups are pressuring the big boys, like Allianz and Ergo...
PRESCRIPTIONS By July, Washington is expected to grant Florida a waiver to expand its unique prescription-drug program, doubling the payout to low-income seniors...