Word: payouts
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...while Daniel says the Corporation makes efforts to keep the endowment payout within the 4.5 to 5 percent range, in recent years the distribution has consistently fallen well below that mark...
...another way, the University would have to increase its annual endowment payout by 0.2 percent over last year’s figure to accommodate the living wage...
DOUBLE WHAMMY Of the 2,841 mutual funds that lost money last year, 81% added insult to injury by slamming investors with capital-gains distributions. Standish Small Cap Equity was the worst offender, with a 65.4% payout on top of a 19.3% loss. On average, taxes eat more than 2.5% of returns, and starting this week fund profiles will have to disclose expected tax bites...
ARRIVAL TIME IS MONEY Amid last year's record flight delays, biztravel.com began compensating customers for jet lag on six airlines. The payout policy--$100 for 30-min. delays, $200 for an hour and a full refund after two--boosted sales 50%. But playing airline roulette has cost the site $1.7 million since May, so Biztravel recently shrank tardiness refunds 75%. (A $100 max is better than nothing.) Another plus? Automatic rebooking on cheaper flights so you can pocket the difference...
...citizens had tried to secure a judicial order to halt demolition. But under pressure from the city government, the court allowed the wrecking balls to continue swinging. "Today, everyone's so concerned with making money that we think it's fine to tear down historic buildings for a quick payout," says Liu Bingkun, a lecturer at the China State Academy of Fine Arts. "But if we lose our history, what are we left with...