Word: payouts
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...Wonderful Life, it looks as if it has all worked out swimmingly for the factory owner. When fire gutted Malden Mills in December 1995, Feuerstein decided to rebuild his mill right in Massachusetts, instead of moving it to a cheap labor haven like Mexico or taking the insurance payout and retiring. What's more, he kept all 2,700 staff on the payroll for three months and paid their health insurance for three more. It took nearly two years and an understanding banker, but Malden Mills had a reopening ceremony last week, and Feuerstein hopes to have the last...
...effort to guarantee approval, the company said it would up the overall payout if more than two thirds of the women approve the plan. But while Dow offered to cough up the green, it refused to admit its breast-enhancing product causes disease. "We still believe very strongly that the scientific evidence shows there's no connection between breast implants and medical conditions," said Dow Corning CEO Richard Hazleton. A trial, slated to begin later this month, will attempt to determine if the implants are linked to any illnesses...
...Ronald Daniel, treasurer to the Harvard Corporation, says the University's highest governing board uses two guidelines when determining each year's payout...
...same, Huidekoper says that the University should be spending more of the endowment and is planning to increase the percentage payout...
Using historical data he says that the University could be spending anywhere between 4 and 6 percent on average. Harvard's average payout for the past 26 years is only 4.6 percent...