Word: summers
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...which set up the $700 billion bank-bailout fund, the Treasury Department has the ability to officially deem which firms are receiving exceptional assistance from the government. At issue is executive pay. EESA requires the Treasury Department to monitor executive pay at all the firms receiving government assistance. Last summer the Treasury said firms that are deemed to be receiving exceptional aid from the government would be subject to a pay czar. The office, later filled by high-profile lawyer Kenneth Feinberg, has the ability to set compensation for the 25 highest-paid employees at those firms. Other firms receiving...
London's construction workers had better get used to the scrutiny. With the Vancouver Winter Games now concluded, attention will switch to the British capital - which was awarded the 2012 Summer Games five years ago - as it races to get ready. Learning from the last host city will be vital. While the sports on show in London will be different from those in Vancouver, the Canadian city's experience "gives us real food for thought," Sebastian Coe, chairman of London's organizing committee, told reporters ahead of the closing ceremony on Feb. 28. London, he said, would "use this information...
...York will have to get used to Grainge this summer when the 49-year-old takes over as head of Universal Music worldwide, the largest record company on the planet with a market share of nearly 29% and such acts in its stable as U2, Lady Gaga, Eminem and Amy Winehouse. Grainge has been groomed for the role for several years and says his fingers will remain close to the light switch. "It will depend if they have any hits or not," he tells TIME. (See the 100 best albums of all time...
...greatest advantage would be the potential for some form of institutional memory. Right now it’s sort of ad hoc, in that you get a campaign or a political organization that needs interns for one summer,” said Berkenfeld. “One individual that is at the IOP for the long-term can accumulate those opportunities on a long-term basis to make sure that they continue to exist...
...useless. Their transport consists primarily of high-performance Ford trucks that break down without clean high-octane gasoline that's hard to find in Iraq. And such is the capacity of their resupply operation that they beg for water from passing foreign convoys. "They'd die out here in summer if it wasn't for us," says one American security contractor...