Word: sum
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According to the Financial Times Deutschland, Wiedeking was entitled to compensation of $200 million or more. But labor representatives on Porsche's supervisory board's protested at such a huge handout and Wiedeking himself suggested a more modest sum. Before the ink had dried on the check, Wiedeking announced he would donate half the money to a Porsche-sponsored charity. Not without a sense of humor, he also pledged to donate $2.3 million to assist "needy journalists". The German taxman will likely get a big chunk of what is left. "For the first time an executive has responded...
...gestures of charity, though, Germans have already begun grumbling about the huge payout he received. Dietmar Barsch, general manager of the leftist party Die Linke, calculated that even compensation of $35 million was equivalent to 250 Porsche 911 Targa 4 models. "This is not about social envy. The sum is absurdly high and has no relationship to any work he performed," Barsch said...
Biden tried to reassure Ukrainian and Georgian leaders that better U.S. relations with Moscow could benefit their countries. "The more substantive relationship we have with Moscow, the more we can defuse the zero-sum thinking about our relations with Russia's neighbors," he said during a speech in Kiev. He also called on Yushchenko and Georgia's Saakashvili to heal rifts with their respective opposition parties and upbraided Ukraine and Georgia for the political infighting that has slowed reform...
...residents chow down on McDonald’s instead of dim sum...
...renowned modernist painter, Tyeb Mehta, 84, made history at a 2005 auction when his Mahisasura, which depicts a goddess defeating a demon, sold for nearly $1.6 million, the highest sum ever paid for the work of a living Indian artist...