Word: stockings
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...most accounts, Goldman Sachs is doing pretty well for a financial services firm these days: its stock is down only 14% over the past year, compared to 29% for the currently embattled industry overall, and it earned $11.6 billion in profits in its most recent fiscal year. So does that mean CEO Lloyd Blankfein deserves the $70 million pay package he received for 2007? Maybe. Or maybe not. But at the very least shouldn't public shareholders - the people who actually own the company...
...AFSCME), a union that runs a $850 million pension fund, was trying to figure out what to do about CEO pay - especially at Home Depot, one of its holdings, where then CEO Bob Nardelli was collecting a nearly $32-million pay package for the year, while the company's stock languished. "We had reached a level of frustration because it seemed CEO pay, no matter what we did as activist investors, kept spiraling out of control," says Richard Ferlauto, AFSCME's director of pension and benefit policy. The quintessential example: after Congress passed a law that gave companies incentives...
...have my stock answer: my twin sister Anabel is awesome. She is the cool twin (it’s true, ask my parents)—my filmmaking, screenwriting, guitar-strumming, record-producing sibling...
...negative effect on turnout. “In one sense the impetus to lower the quorum number is more a result than a cause of lower participation, although there’s likely to be a feedback loop between them,” he said. But James H. Stock, chair of the Economics department and fellow scholar of human incentive, took a slightly different tack than either Sidanius or Ambrus in his own impromptu cost-benefit analysis of the newly proposed policy. “I think an argument can be made that reduction of the quorum is likely...
...village-owned textile factory - a rarity at the time. Gradually, the town switched from agriculture to manufacturing, embracing urbanization amid the pro-agrarian orthodoxy of China's Cultural Revolution. The move paid off. In the 1990s, it became the first commune in China to list shares on a stock exchange...