Word: stockely
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...anything below that multiple was fine: golden parachutes worth 2.99 times base salary proliferated, where before there were none at all. In 1993, Congress said only $1 million of an executive's salary would be tax deductible. So companies began paying their CEOs massive amounts in other forms, like stock options and deferred compensation...
...financial misconduct to pay back bonuses and incentive compensation. But that provision proved largely ineffective. The SEC didn't bring a case under this provision for four years, and when it finally found success - UnitedHealth's former CEO was forced to pay back more than $400 million worth of stock options gains, unexercised options and retirement pay after a stock options backdating scandal - the courts ruled that shareholders on their own couldn't sue under the law, setting a narrow precedent for who is allowed to reclaim pay after the fact...
...much it would cost, would cost a lot of money. And I actually personally paid for the study to determine if and how private citizens could fly, with the full intention of actually being the first private citizen to fly. However, that's also when the Internet stock bubble burst, and unfortunately for me that meant my ability to pay for that first space flight disappeared, and so we sold my seat to Dennis Tito...
...main MICEX stock exchange shut down for two days on Sept. 16 after it lost 17% of its value in a matter of hours. At that point the market was down almost 60% for the year, its lowest level since early 2006, although it has since been boosted by measures taken by the Russian central bank and the Kremlin. Those measures, however, weren't enough to shore up the nation's largest investment bank, Renaissance Capital, which on Sept. 21 sold a 50% stake to the Russian oligarch Mikhail Prokhorov for $500 million. Just over a month ago, Forbes magazine...
...wake of the meltdown of the stock market in Moscow this month, there are quite a few Russians who probably wish they had heeded that sort of advice. For after partying through several years of heady growth, much of it financed by borrowing from abroad, the nation's scrappy banking system and its underdeveloped financial markets are suddenly losing much of what they have won in the past couple of years - and more...