Word: units
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Dates: during 2000-2009
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...early October, Citigroup sold its commodities-trading division Phibro to energy company Occidental Petroleum. Citi was motivated to dispose of the unit because of pressure from regulators to curtail the pay of Phibro's top trader Andrew Hall, who made $100 million last year, and reportedly has a contract that would award him roughly the same amount in 2009. Oxy declined to comment on Hall's compensation. But the energy giant says Hall will remain with the unit at Oxy. Hall had threatened to leave Citi if his pay was cut, which means Oxy is probably honoring his contract. Says...
...Talent says it's normal for traders to get paid as a percentage of their division's profits. Most contracts guaranteed traders around 9% to 11% of their group's profits, before compensation. What's unusual about Hall is that he reportedly receives as much as 20% of his unit's profits, which sets him up for much bigger paydays than the rest of the Street...
...series of terrorist attacks in 2003, the government shut down extremist websites and arrested or muzzled those calling for jihad. The authorities have also ordered reforms in the religious police, the General Presidency for the Promotion of Virtue and the Prevention of Vice, which enforces conservative dress codes. The unit, which is widely feared, has gone so far as hire outside media consultants to make itself more public-friendly. And a government campaign on TV and billboards encourages men to be nicer to women with the slogan: "Satisfy Your Wife Emotionally and Protect Your Marriage." Officers at the General Presidency...
...This was his second tour overseas," said Laura while sitting at her dining-room table. "His unit went to Uganda for a year in 2007. That's where he created his nonprofit, the ClearWater Initiative, so people there would have something we all take for granted - clean water...
...just started a new job with FEMA in New York when his unit was recalled," Gary Sklaver said. "They were supposed to go to Iraq, but then the strategy changed along with his orders, and they were sent to Afghanistan...