Word: prospect
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...Ollie Galam, owner of Executive Clothiers, a men's store in Prospect Heights, Ill., today's hard times have triggered a reappraisal of his salespeople's pay formula. He is considering lowering typical base salaries from $40,000 to $35,000 and offering higher commissions. "We have to shift more of the risk to employees," Galam says. "The owner can't take all of it anymore...
...employee or owner. In May, Robert Barton of Burr Ridge, Ill., took a $10,000 pay cut when he switched from his old job at an energy trade publication in Washington to a position as a manager at a business-intelligence outfit in Chicago, lured by the prospect of earning hefty commissions based on the business he helped bring in. "I saw the upside of this arrangement," he recalls. Soon enough, he saw the downside. On Sept. 14, the national day of mourning for the terror attacks, he was let go during his lunch hour. Now neither Barton...
Look, no one expects Summers to turn Harvard into a commune. In fact, I’ve spoken to many people—otherwise meek progressive types—who get a secret thrill at the prospect of Summers aggressively wielding tyrannical authority, and who relish the thought of Summers, say, sitting down with law school administrators and telling them to pack their bags for Allston. Such scenarios are appealing because there is a real need for greater centralization, a real need to end the chaos that masquerades as a “philosophy” of decentralization. It hinders...
Some victims were horrified at the prospect of holding stock in the company that caused them trauma, but, Medica argued, that might be the only way to generate enough money to compensate them. Investors felt saved. Sulzer Medica shares jumped 19% on Aug. 29, the day after a U.S. district judge gave the $780 million plan a preliminary nod. "If it holds, it will be replicated," says John Aldock, a Washington corporate defense attorney. Don't worry about Scruggs putting himself out of business. If the deal holds, he could receive as much as $25 million...
...prospect of war in the hills and valleys of Afghanistan is chilling. Throughout its history, the country has shown an impressive ability?sometimes heroic, sometimes dastardly?to make life miserable for those who cross its borders in anger. Will America be the next great power to be mauled there? Could the struggle against terrorism become a protracted and bloody mess like Vietnam, leaving a sour residue of defeat and bitterness...