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...banks that have received money from the government's $700 billion Troubled Asset Relief Fund are barred from paying cash bonuses to their top executives. They can pay stock bonuses equal to as much as a third of an employee's salary, but the employee is not allowed to sell those shares until the government's money is paid back by their company...

Author: /time Magazine | Title: Citigroup Plans Big Bonuses Despite Rules Against Them | 3/20/2009 | See Source »

...about to write a new chapter in entertainment folklore.”Beyond the predictable popstar hyperbole, the promotional material tries to show why literally the whole world will have some hyper-historical, folkloric obligation to paying attention. Anschutz Entertainment Group, who is responsible for this incorrigible (yet unsurprising) selling of Jackson’s comeback, is able to hide behind one thing—its bottom line. As with any business, AEG will only sell what people are willing to buy. As it turns out, all 50 of the concerts have sold out in what is being touted...

Author: By Andrew F. Nunnelly, CRIMSON STAFF WRITER | Title: King of Pop Makes a Comeback | 3/20/2009 | See Source »

...Margaret M. Wang ’09 want to change that.This year they organized the first annual Harvard Student Art Show, which will take place the afternoon of May 4. Wholly student-run, this inchoate event seeks to provide Harvard artists with a forum to display and sell their art. It’s unique—the first of its kind at Harvard—and the show’s organizers have secured the grassy expanse in front of the Science Center as a location for the show’s tent. Visibility...

Author: By Lillian Yu, CONTRIBUTING WRITER | Title: Students Make Bank with Art | 3/20/2009 | See Source »

...separate, independent" companies that are "worthy of investor confidence." AIG has "made meaningful progress," but the company is still at the mercy of the economy. In the businesses it wants to keep, like commercial insurance, competitors sense an opportunity to grab market share. For the assets it wants to sell, there are few buyers. What remains is still a huge, vulnerable company...

Author: /time Magazine | Title: How AIG Became Too Big to Fail | 3/19/2009 | See Source »

...corporations, Unilever, the Anglo-Dutch household-products giant, is feeling the sting of the global recession. But at least one part of Unilever's empire is doing fine. Several years ago, the company launched a corporate-social-responsibility (CSR) program, in which it hired thousands of Indian women to sell the company's soaps, detergents and other items in their home villages, most of them too small and remote to rate a visit from a Unilever sales representative. The program, called Shakti (Energy), was meant to aid some of the company's poorest customers, but it has accomplished more than...

Author: /time Magazine | Title: Charity Crunch Time | 3/19/2009 | See Source »

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