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...real world (outside New York City), a bonus is generally a payment for extraordinarily good performance. But on Wall Street, what's called a bonus is generally part of base pay. That's especially true for worker bees, who far outnumber CEOs. (The word bonus is a remnant from the days when Wall Street was made up of partnerships. Now that Wall Street's largely owned by public shareholders, it should have long since dropped bonus for contingent compensation or something similar. But hey, the Street, as I said, is tone-deaf.)(See the top 10 financial-crisis buzzwords...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

...government and others hadn't stepped in to save the world financial system. If these companies have all that money around, largely courtesy of us, they ought to send it to the U.S. Treasury. But paying a $250,000 bonus on top of a $150,000 salary to a worker bee is a different story...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

Concurrently, the number of hours logged by the average dorm crew worker has fallen by more than half. But the number of students participating in Dorm Crew—which the program head says is one of the highest-paying student jobs on campus—has increased...

Author: By Jillian K. Kushner, CRIMSON STAFF WRITER | Title: Dorm Crew Imparts Practical Benefits | 10/29/2009 | See Source »

...fact that Nina is playing two varsity sports while still going to school at Harvard shows the kind of person she is,” said junior lacrosse player Jess Halpern. “She is a really hard and great worker...and has already improved in the two months she’s been here...

Author: By B. marjorie Gullick, CONTRIBUTING WRITER | Title: Kucharczyk Welcomes Challenge of Two Teams | 10/29/2009 | See Source »

McGovern, for his part, brings an unfortunately unique perspective to the school committee, for, as a youth social worker, he is the only member of the committee who actually works with children. His professional background is reflected in his priorities: Where Nolan often pushes for better market research and financial management, McGovern’s concerns are more oriented toward the classroom and pedagogy. He has pushed to spend more resources on students with special needs and has called for the district to create a comprehensive plan to improve the educational climates in schools, including an anti-bullying strategy. Crucially...

Author: By Paras D. Bhayani | Title: Nolan, McGovern for Cambridge | 10/26/2009 | See Source »

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