Word: rising
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During the postwar boom, pay for U.S. CEOs remained fairly steady in real dollars until the 1970s. But under new tax policies, the 1980s saw the rise of stock options. Intended to tie executive pay to performance, they offered the potential for huge riches with little downside, encouraging risk-taking. In 1991, CEOs earned 140 times the average worker's pay. A 1993 attempt to cap compensation merely shifted more pay into options. By 2007 the median S&P 500 CEO earned in three hours what a minimum-wage worker pulled down in a year. And Great Recession...
...School at 19 and worked with Ralph Nader's "Raiders" before becoming a corporate lawyer. But it was as a banker--at First Boston, then at the boutique firm he founded, Wasserstein Perella, and finally as CEO of Lazard--that he made his mark. Wasserstein presided over the rise of the "Big Deal" (the title of a book he published in 1997), dreamed up takeover tactics like the Pac-Man defense and was sought by CEOs for his creative ideas on offense and defense alike...
Unfortunately, some more subtle aspects of the script never fully rise to the surface. Marat and Sade’s long debate about the nature of mankind comes across as exactly that—a debate more arcane than compelling. Leaf has said that he wished to compare the two title characters rather than contrast them, as is normally done, but in doing so, he fails to exploit the text’s inherent strength. Marat and Sade are so physically different—one spends most of the play horizontal and infirm while the other fully commands the stage?...
...some respects, Pugh has already made his mark on Detroit. Pugh's rise in this majority-black city moderates some of the popular perception that African Americans are more homophobic than the general U.S. population. On the campaign trail, Pugh rarely discusses what it means to be gay, although some of his critics have made an issue of his sexuality - particularly his unabashed preference for younger men. (Pugh notes that his last partner was a 23-year-old entrepreneur, and says, "No one complains when an older man dates a younger woman...
...Schumer's rise as a sophomore to the No. 3 Democrat in the Senate has been meteoric. A member of the House for 18 years before being elected to the Senate in 1998, Schumer gained notice in New York and Washington circles for his workmanlike skill at championing consumer causes and knack for getting in front of cameras. He was the first Democrat to attract millions of dollars from Wall Street, and not surprisingly, he has been one of the few Democrats who have championed Wall Street's interests in Washington from his perch at the Banking Committee. That...