Word: price
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Dates: during 2000-2009
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...stated goal of pay for performance but in pay for randomness. Feinberg is probably correct that his compensation structure won't hurt these firms' ability to retain top talent. Wall Streeters love to let it ride. The question is whether more people hell-bent on boosting their stock price will produce a better outcome for the economy as a whole. What Feinberg is likely to find after five months of studying executive comp is that there is no great way to pay people gobs of money. The superrich have relatively less at stake and more reason to gamble than...
...politically feasible or desirable to remove all benefits, but how about dismantling tax benefits for owners of second homes? In many European countries speculators build tax-subsidized holiday homes, and then rent them out at exorbitant rates while receiving substantial tax relief on their mortgages. The result is to price local people out of the property market while losing agricultural land to so-called residential development, which may well stand empty for more than half the year. Tax benefits for property speculators are costly and regressive and any politician considering ways to save money should give them a long hard...
...want to develop wind bases, that they want to promote a local industry and that they want to have local suppliers working in those big wind bases," he says. "Then the Chinese government says the foreign companies are so much more expensive than the local companies. If the turbine price is the only selection criteria, then fine. If you take into account risks and performance and tariffs and everything, I can tell you in most of the cases, if not all of the cases, the international suppliers are more competitive than the local suppliers." (Read "Is China Now the Climate...
Josh gave me lots of detailed advice on coupon-positioning and expiration-date-hiding, but as soon as I got to CVS, I was overwhelmed by all the math and rules and price signs that screamed, Wow! Guiding me by phone, Josh let me buy some fish-oil pills that were 2 for 1. But the woman at the register mistakenly rang me up for both bottles of pills, and then I had to wait 10 minutes while a health-care-bill amount of paperwork was filled out. Ten minutes may not sound bad for $7, but it takes just...
...next day, I met a friend at a bar to watch a Yankees playoff game. When I went to order a beer, I remembered my week of frugality and told the waitress I couldn't have one because of its fixed price. So she gave it to me at the happy-hour price. This was the kind of sale I could handle. You just mumble, "Can you do a little better?" instead of mailing in receipts and filling your key ring with bar codes. Sale mavens are people who like rules and finding loopholes and outsmarting systems, whereas...