Word: sums
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...stock options that are granted at the end of the year. Cash bonuses, though, have always been paid at the time they were granted, typically in January for prior-year performance. But this year Citi decided to defer bonus payments for the first time. Instead of paying a lump sum in early 2009 for 2008 performance, payouts would be spread over four years, with the first payouts in January...
...trophy. After all, the quality of Borges or Updike’s literary output is in no way diminished by the fact that a prize was never received.America’s flagship prize, the Pulitzer Prize, has given out three literature prizes posthumously, squandering its hefty award sum (today it weighs in at $10,000) on the family of the deceased. How does this serve to promote the arts? It might permit the prize committee to pat themselves on the back for their good taste in recognizing the works of geniuses after their time has passed (they gave...
...more frugal world, it's all about getting more bang for the buck. Consider Puaramita Acharji, a West Bengali woman who joined Unilever's Shakti program several years ago and now earns about $14 a month selling items in her village door-to-door. Small as that sum might be, Acharji says it has changed her life. Instead of being dependent on her husband, Acharji says, she now commands respect in the village. "It is enough to stand on my own two feet," she says. Increasingly, CSR programs will have to do the same...
...back of every freshman mind in Lamont last night, it was that in a few wee hours, Housing Day would soon be upon them. It might seem inconvenient that the big day falls in the midst of mid-terms. For some, Housing Day is nothing but the unsolvable end sum of a complex mathematical algorithm by which they will be assigned a place of living. And for others, it’s just an annoyance; a lack of perfect information in Harvard’s centrally planned real estate market. But for one subset of the freshman class, Housing...
...grinning as he described the "recklessness and greed" of the traders in AIG's financial-products division, a reckless band of wealthy incompetents who made bets they could not pay for, leaving the American taxpayer on the hook for as much as $173 billion in emergency funds - an enormous sum that works out to about $600 for every man, woman and child in America. "How do they justify this outrage?" Obama asked rhetorically, with only the slightest tinge of outrage in his own voice. (Read "Obama's Challenge: Containing the AIG Bonus Outrage...