Word: capping
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...lowering the cap below last fiscal year’s payouts, Harvard will at least cut the salary of Maurice Samuels, who earned $35.1 million in fiscal year 2003. David R. Mittleman, who made $34.1 million, will likely also...
...salary cap reduction comes in the wake of increased scrutiny from alumni, who have called the fund manager payouts inordinate. A group of seven graduates in the Class of 1969, whose November letter to Summers drew newfound attention to the issue, reiterated their objections in another letter this month...
...Philippe hardly seemed like a man about to order a bloodbath. Lounging poolside last week with his rifle-toting soldiers at a hotel above Cap Haitien, Haiti's second largest city, the rebel army leader predicted an easy time overwhelming the capital, Port-au-Prince, which he threatened to attack unless President Jean-Bertrand Aristide resigned. "We'll take it within days if not hours," he told TIME. Aristide's fall, he insisted, would justify even the carnage his army's offensive would cause the hemisphere's poorest country. "Haiti has to pay something to bring back democracy," he warned...
Aristide got the chimeres to back off over the weekend. But the hellish anarchy swallowing the capital is a vivid sign that whatever government follows Aristide's isn't likely to be any more democratic. When Philippe, 36, served as Cap Haitien's police chief in the late 1990s, Colombian cocaine shipments flowed virtually unobstructed through its port, according to Haitian and U.S. officials--one reason that Haiti is now the largest narcotics transshipment center in the Caribbean. Philippe's ragtag militia, motivated by a hatred for Aristide, numbers only a few hundred men wielding old automatic rifles. But they...
...military coup aborted his first presidency in 1991. With 20,000 troops on the ground, Washington embarked on an effort many Haitians now characterize as a half-baked nation-building program that yielded little more than ill-trained, corruption-prone institutions, like the police force Philippe led in Cap Haitien. The U.S., Philippe says, "is partly responsible for what is happening...