Word: year-end
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...partners are more than willing to distribute crumbs from their cake. In 1993 everyone on Goldman's staff of 8,000 received a year-end bonus equal to 30% of salary, plus a piece of the firm's $17 million contribution to the employee profit-sharing plan. Moreover, the firm rules say that most of the profits must be reinvested and except in certain dire emergencies cannot be withdrawn until a partner leaves. Even senior partners who make upwards of $20 million draw salaries of well under $300,000. No need to feel too sorry for them though; they...
...inevitable year-end appraisals of Clinton's first year hit the newsstands and airwaves this month, the President is unlikely to get many glowing reviews. His first few months were probably the rockiest of any modern administration. Clinton's handling of gays in the military, Nannygate, and the Lani Guinier fiasco left much to be desired. But the same news media that made an issue of Christophe's visit to Air Force One has now conspired to produce an unbalanced perspective on his first year. Conservatives will complain that he's too liberal. Left wingers will say he hasn...
...hinge on the competency of the U.C or the interest of the Harvard student body; the show will sell out regardless, because the demand for tickets is there. The Grateful Dead are the top-grossing concert act in rock history. On the road for over 25 years, they perennially top year-end concert receipt lists. They sold out six shows at the Boston Garden in the fall of 1991, drawing more than 90,000 people. And in the fall of 1992, they cancelled the same number of shows due to Jerry Garcia's illness...
Accompanying the high tide in retailing was a year-end spike in credit-card use. One possible result: weak January and February sales, taking some of the shine off December's tinsel as the bills from the binge drop through America's mail slots...
...that the news "could have some impact on short-term judgment." Aides asserted, though, that they are still sure the economy will need jazzing up; the question is how much and how fast, and Clinton may not decide that until mid- January, after seeing how Christmas sales and other year-end figures...