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...executive compensation is indeed a touchy one. Early this year, the world was shocked to learn that many of Wall Street’s besieged “masters of the universe” had still pocketed vast sums of money in bonuses and salaries—despite the sharp economic downturn that some believe was caused largely by their decisions. Following suit, a group of 10 members of the College’s Class of 1969 have called for drastically lower pay for top executives at the Harvard Management Corporation, who manage the university’s endowment. They...

Author: By The Crimson Staff | Title: Show Them the Money | 2/3/2009 | See Source »

...Rich a page-turning tale with well developed characters that seems boxed up and ready for the silver screen. It's impossible to read this book and not think of the 2007 film There Will Be Blood, which put the ruthless business of land rights and oil drilling into sharp focus. Burrough's tome, though, is broader and explores not just the greed, wealth and risk of early twentieth century American oil prospecting, but also what it meant for the rest of the country beyond Texas. Lyndon Johnson, Dwight D. Eisenhower and George W. Bush are just three...

Author: /time Magazine | Title: The Big Rich | 2/2/2009 | See Source »

...Plunging industrial output is reflected by the radical steps manufacturers are taking to try to adapt to the sharp slowdown. NEC Electronics said last week that it would eliminate 20,000 jobs at home and abroad, and cut costs by $890 million overall in the coming 24 months. Sony will close up to six factories and cut 16,000 jobs from its electronics divisions, to address what JPMorgan Securities analyst Yoshiharu Izumi called the company's "emergency situation." Panasonic, which recently bought a majority stake in Sanyo, is closing three plants...

Author: /time Magazine | Title: Sony's Woes: Japan's Iconic Brands Strained | 2/2/2009 | See Source »

...grew up in Miami. [Laughs.] Probably my grandmother. I lost her about four months ago. She was 99. But you know, she was pretty sharp...

Author: /time Magazine | Title: 10 Questions for Mickey Rourke | 1/29/2009 | See Source »

...Holbrooke's mission to get Pakistan to step up its efforts against militants along the Afghan border are also challenged by the sharp rise in tensions between Pakistan and India following the terrorism attacks in Mumbai in November. In response to Indian threats to act against militants based in Pakistan-controlled Kashmir, Pakistan has redeployed some of its military forces from the Afghan border region to the Indian border. The U.S. envoy's biggest challenge may lie in convincing the Pakistani military that its larger and better-equipped Indian rival represents no threat. It is to counteract India's conventional...

Author: /time Magazine | Title: Pakistan: A Mounting Problem for Obama | 1/26/2009 | See Source »

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