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Then she decided to get her M.B.A. Out came a few thousand for living expenses. And after she got her degree--amid last year's recession--it took her eight months to land a job. The rest of her savings quickly vanished. "I really thought that money would be sacred, that I would never touch it," says Caldwell of her 401(k). "But I hadn't planned on being unemployed when I graduated...
After extending their reach from only a few thousand Americans 30 years ago to about 20 million today, employee-ownership plans have fallen in public esteem. The allure of stock options has faded along with the dotcoms that made them sexy. Enron's collapse has shown the danger of workers' betting their retirement savings on their employer's stock. And tension between unions and management at struggling United Airlines has called into question what anyone gained when workers bought a majority of shares in the company eight years ago. Worried, Congress is weighing bills that would limit how companies...
Person of the Week I'M BACK The Chinese government once said he was a "whore" and a "sinner for a thousand generations." But when former Hong Kong Guv and current E.U. Commissioner of External Affairs Chris Patten visited Beijing last week, both sides forgave, forgot and talked about bridging East and West...
...didn’t know about my tiara, nor did he know about my sash. There were no cameras for me to smile into and the trash can with my breasts was literally a thousand miles away. Still, I carried with me the silly notion that I am Miss Harvard. I know that the title has gone to my head and that I’ve exaggerated its importance. I know there is no Miss Ivy League pageant to prepare for, no events for me to speak at and no official duties to perform. But the crown has reminded...
...Mueller himself. ("Nobody likes taking a polygraph," he told reporters. "I didn't particularly enjoy taking a polygraph.") Roughly 7 employees failed to pass the polygraphs. They haven't been fired or disciplined, but Senser says they are being subjected to further investigation. Now Mueller is considering ordering several thousand more FBI employees to go on the box. But he won't force preventive polygraphs on all 28,000 FBI employees, all of whom have at least Top Secret clearance, in part because he, like most career FBI executives, doesn't want to mimic the CIA, where polygraphs have generated...