Word: sevening
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...London-based unit largely responsible for the company's debacle involving bad bets insuring mortgage-backed securities. Overall, however, three separate, AIG-wide retention and bonus payments due to start later in March will spread some $1.2 billion among roughly 6,400 of the firm's 116,00 staff. Seven people at the financial products unit are in line for more than $3 million in extra 2008 compensation...
Trading Stocks. Cash in your worthless Wall Street stocks for a Caribbean vacation. Elite Island Resorts will accept your devalued portfolio as payment for stays this year at any of their seven seaside properties. The resort will take up to $5,000 worth of any of the 400 stocks - including bank, retail and tech stocks - listed on its website and give you credit based on the stock's worth as of Oct. 31, 2008. The deal lasts through...
Recession Reprieve. Antigua's all-inclusive Curtain Bluff resort is offering a full refund to visitors who book a vacation, then lose their job. The "Life Interruption" policy asks that you give the hotel seven days' notice when canceling; the offer can be applied to bookings through Dec. 31. Currently the hotel is giving away a fifth night free with four-night stays, good for reservations from April 15 to July 30. Rates start at $925 per night, with all meals, drinks and activities included...
...ancient artifacts by watching the Tomb Raider movies would find little practical help from Angelina Jolie traipsing around Cambodia's temples. If you're an online-literature buff in China, you might have better luck. Last spring, an unemployed 45-year-old man and his seven accomplices were arrested by police after having successfully dug up artifacts from a 15th century tomb just outside Beijing. Their techniques, as the police soon found out, were an exact imitation of those described in Ghost Blows Out the Light, a hugely popular Chinese online novel that was first published...
...soft-spoken 34-year-old, Hou studied Chinese literature while at university in Beijing and worked as an editor at Sina.com, a major Chinese Web portal, for seven years before starting Shanda in 2005. He describes the company - in which budding writers self-publish their work without having to be vetted by editors - as not only a profitable business, but also an extension of his own literary aspirations. "I believe everyone can be a writer," he says. "Especially now, when the Internet really has become part of our lives...