Word: worthely
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...shares, which at the time totaled 300 million. Starr has since pocketed $4.3 billion from the sale of some of those shares. AIG says those profits belong to the insurance giant, along with the remaining 180 million shares of AIG that Starr still holds, which are worth just over $270 million...
...Thumped by a global depression, firms just about everywhere have gone to town on staff costs in recent months, from salary cuts to mandatory unpaid leaves. But BA is going further. Volunteers can sacrifice between a week and one month's worth of salary, or else spread the pain by taking a reduced salary for three to six months. Union officials have scoffed at the proposal. "Willie Walsh can afford to work a month for free," says a spokesman for Unite, BA's biggest union. "Our members can't." (See pictures of London's Heathrow Airport...
...from certain that the dramatic - some might say desperate - call for volunteers will be a significant cost-cutting measure. Hit hard by the slump in air travel following the first Gulf War, BA gave away some $10 million worth of seats in what it dubbed the "world's greatest offer." That move "had a party atmosphere and a confidence and scale that actually built the BA brand despite the fact that it was giving stuff away for free," recalls Rita Clifton, chairman of global brand consultancy Interbrand...
...Czech Village gathering, which drew a handful of neighbors, is among several commemorations being held this month in Cedar Rapids and across eastern Iowa to mark the one-year anniversary of flooding that deluged cities large and small, upending many lives and causing an estimated $10 billion worth of damage ($6 billion in Cedar Rapids alone). Eighty-eight of Iowa's 99 counties were declared a natural disaster area as a result of last year's flooding and two deadly tornadoes. While progress has been made to recover from Iowa's worst disaster, many frustrated homeowners still await government help...
...cooperating with military and security forces at the expense of a broader relationship." The Obama administration has no dedicated Central Asia envoy nor is it willing to pursue a strong agenda for change and reform at the risk of provoking Moscow. "Many think it's a battle not worth fighting," says Roberts...