Word: tiere
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...problem in Europe may be even more acute. Even the top tier companies like SAP (SAP) and Siemens (SI) are pushing people out the door to save money. (Read: Is Protectionism Returning to Europe...
...second-tier companies that want government money, there's a golden-parachute limit of a year's compensation. The $500,000 pay and restricted-stock limits still apply, but shareholders (not a friendly constituency these days) can waive them in a nonbinding advisory vote, and management can act accordingly. (Read "Why Your Bank Is Broke...
...taking most of the toxic assets off bank balance sheets. Since the figure at Citi is probably at least as large as the $300 billion pool that the government is guaranteeing, the combination of bad paper from Bank of America, Wells Fargo (WFC), JPMorgan (JPM), and the next tier of large US banks is almost certainly close to $1 trillion...
...Farewell package, TIME paid homage to the top tier of notables, all sorely missed. Other, longer tributes - to actors Richard Widmark and Suzanne Pleshette, film directors Damiano, Jules Dassin, Youssef Chahine and Robert Mulligan, playwright Harold Pinter, actress-chanteuse Eartha Kitt, FX wizard Stan Winston and movie critics Gary Carey and Manny Farber, as well as the uncategorizable Forrest J Ackerman - were published upon the deaths of these worthies and can be found through Google or on TIME's search engine...
...rather inexpensive asking price, companies have been more willing to play ball with MLB. Baine says that while the NFL demanded an 85 cents-per-subscriber fee from operators to carry its network, baseball asked for a more reasonable 25 cents. The network will appear on the basic digital tier of every major provider except for the Dish Network. "No one is going to get 50 million homes out of the cable operators again," Brosnan boasts...