Word: programer
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...Starr's lawyers argue that the case rests on documents that were drawn up in 1970, around the time AIG became a public company; there appears to be no requirement that Starr use the stock as part of an AIG bonus program forever. In fact, the program had to be renewed every two years...
...trial that started on June 15 in U.S. District Court in New York, AIG contends that the shares as well as over $4 billion in profits that Starr International has reaped from past AIG stock sales were meant to fund a long-standing deferred-compensation program for AIG employees - a program that Greenberg, 84, halted after his acrimonious ouster from AIG amid an accounting scandal...
...During the trial, Wells, the AIG lawyer, played a video of a speech Greenberg made in 1996 to top AIG executives who had received shares through Starr's compensation plan. Wells asked Greenberg to raise his hand at the point when, during his videotaped explanation of the program, he stated that Starr had the right to cancel the plan and use its AIG shares for other purposes. The speech ran more than six minutes. Greenberg never raised his hand...
Scientists and officials working with the U.S. Global Change Research Program released on June 16 the first climate-change assessment to be completed during Barack Obama's presidency. The assessment, which is required periodically by Congress, breaks down the predicted effects of global warming in the U.S. by region and sector; it contains no new research, but it paints a detailed and worrying picture of what a warmer America will be like 10, 50 and 100 years from today. "It is clear that climate change is happening now," says Jerry Melillo, a lead author of the report and an ecologist...
Among residents, tension over the uncertainty is palpable. Some praise the swift early response of the Federal Emergency Management Agency (FEMA) and the state, which created a special program to help people awaiting buyouts make a down payment on another home. Residents are also thankful for the hard labor of countless volunteers. And in March, Cedar Rapids voters approved a local-option sales tax expected to produce $17 million a year to be used for buyouts. But the city's plan to improve flood protection, redevelop the riverfront and rebuild public facilities remains a concern for some. It includes buying...