Word: similars
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...billion at their peak. He got less than $1 million when he sold them after the firm went bankrupt. (He still took home, before taxes, $490 million from his stock-based compensation, so don't cry for him.) James Cayne, CEO of the defunct Bear Stearns, was in a similar situation. If Fuld and Cayne had known their firms were as badly at risk as they proved to be, don't you think they'd have sold as much stock as they could before their firms imploded...
Then there are the blinders. Goldman Sachs, everyone's favorite piñata these days, explains that its bonus pool is so high because it sets aside half its profits for compensation (which includes salaries and benefits as well as bonuses.) Other firms have similar formulas. Well, excuse me. This isn't a normal time or a normal year. Just because you've done something in the past doesn't mean you have...
...other words, you don't want to be in the business of manufacturing clothes - you want to be in the business of designing them. "Our economy is different in a thousand ways from the hunter-gatherer societies we studied, but they may be similar in one critical way," says Bowles. "Whether you're forming a hunting party or a team of software engineers, what matters is your creativity and your ability to make connections with others...
...number of FlyBy readers were slightly concerned that emails being sent to their FAS addresses were bouncing when they were forwarded to their Gmail accounts, after a similar problem was reported a few weeks...
...striking thing is how similar the two texts are,” he says. “Despite the fact that Mankiw was known as a conservative economist...