Word: voluntaryism
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Stanford President John L. Hennessy announced last December that top administrators, including the university’s provost and seven school deans, will take an immediate voluntary 10 percent pay cut “in light of the extraordinary pressure on the university budget.”
On a more positive note, the two sides have reportedly reached agreement on how to finance the Voluntary Employees' Beneficiary Association (VEBA), which was set up to fund retiree health-care benefits for GM's blue collar workforce. GM is said to be agreeing to deposit half the $20 billion...
The College’s Dean for Administration Georgene B. Herschbach and Associate Dean of Advising Programs Monique Rinere will both be leaving their posts by the end of this year. Herschbach is accepting the voluntary early retirement package and will leave in the fall after almost three decades at...
Formula One is all about twists and turns on the track. But now it's the offtrack maneuvers that are revving up drama. Talks in London among the teams and authorities in motor sport's blue-ribbon championship ended without agreement Friday, failing to settle an ugly row over plans...
The growing momentum toward bringing down health spending also explains why, despite a notable lack of specifics or any means of enforcement, the White House was so eager to embrace the voluntary pledge of health-industry leaders to curb its costs by $2 trillion over the next 10 years. "This...