Word: pensioneer
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...British artists in the U.S. Billboard Top 50 singles chart. The Top 100 album chart features a more respectable four British acts - but the Rolling Stones, Elton John and Rod Stewart are not exactly fresh faces. Of the four, only the members of melodic rockers Coldplay are not pushing pension age. Will some of the new seedlings of Brit music grow into the next big thing in the U.S.? They're certainly compelling enough to have a shot. The bright-eyed, lush-voiced woman known as Ms. Dynamite led the urban charge in 2002. The eldest of 11 kids...
...will be added in the next two years by S&P 500 companies alone. Despite all the talk of no one wanting to be a director these days, "none of those seats will go empty," says Sarah Teslik, executive director of the Council of Institutional Investors, an association of pension funds. "It is still the most sought-after job in America. You're playing with the big boys...
...hands of consumers. But the Mediation Committee won't be all bad news for Schröder. While it stymies his tax plans, it may also give him political cover and an excuse to push ahead with reforms - of the labor market, health-care provision and the creaky state pension system - that his own left wing has been blocking. Changes in these areas "are going to go ahead even more aggressively than they did in the past," says Lösche, because the CDU, which favors more sweeping measures than Schröder's party does, will be able...
...almost half the work force subscribes to a corporate retirement scheme - the highest of any E.U. nation. Those funds are overwhelmingly invested in equities, and when the markets tank, firms are hit hard. How hard? Last month, a study by investment bank Morgan Stanley estimated that in 2002, the pension liabilities of companies in the FTSE 100 grew from $330 million to over $108 billion in a single year. The corporate pension deficit is causing havoc. U.K. companies with billions in obligations to workers are panicked over losses and confused about how to respond. And investors are fast learning that...
...latest wrinkle in CEO pay is boosting pension benefits by giving credit for unserved years and using total comp--not just salary--to figure final pay. John Snow, the new Treasury Secretary, got such a deal when he retired as CEO of railroad CSX. You probably won't. But you might negotiate a higher annual benefit--say, 70% of final pay instead of 50%, says Richard Bayer, chief operating officer at the Five O'Clock Club, an outplacement firm...