Word: profit
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...Colleges profit from early decision because it increases their acceptance yield—100 percent of students accepted early will attend. These numbers help colleges boost their U.S. News and World Report ratings, attracting even more applicants who are then stiffed under the early decision system. Colleges designed the early decision system for their own benefit—and students have been lured into taking up their early decision offers for the security they provide...
...owner of the Dakota Roadhouse, a bar just north of the Trade Center site. Back when the green police tarp shrouded the site, Menschel scrawled advertisements for his bar all over it: OSAMA MISSED US, WHY SHOULD YOU? Some locals have scolded Menschel for trying to "make profit out of death," but business is so slow he will try anything. On a wall in the bar he pasted a map of ground zero that shows the areas assigned to each construction company. "The cleanup is the only thing we've got," he says. "A lot of people come...
...this recession has been backward from the beginning. Record layoffs have not stalled a torrid housing market. Those who keep their jobs are nonetheless getting hit hard this time because their bonuses, their profit sharing and even their salaries are being cut. Perhaps most revealing: technology, the industry that was supposed to end boom-bust cycles, made this one even worse...
...Wall Street, where year-end bonuses can make up almost all of annual compensation. But this is the first recession since flexible compensation took hold throughout the work force in the '90s. A Fed survey shows that 95% of companies now give a year-end bonus, stock options, profit sharing or commission payments--up from 65% five years ago. Many companies offer such flexible pay to employees well below top management, and typically this compensation falls in bad times...
Ford has announced that there will be no annual bonus for executives and managers and that profit-sharing disbursements, if any, will be unusually low. Meanwhile, the second consecutive year of a declining stock has taken all the gain out of many employees' stock options. Some employers, like Acxiom in Conway, Ark., and Montrose Travel in Montrose, Calif., have even cut workers' pay across the board as much...