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...broader lesson, corporate governance experts say, is that companies are best prodded into behaving differently not by the government but by their owners. "The most powerful force in the marketplace that has a direct interest in keeping pay aligned with performance is shareholders," says Stephen Davis of Yale University's Millstein Center for Corporate Governance and Performance. "Why not use them?" He points to a law passed in 2002 in the U.K. that gives shareholders an up or down vote on executive pay packages. Even though the vote is only advisory, and doesn't bind a board of directors...
Welcome to the late-stage-combat portion of the campaign to lead the free world. Tough attacks, misinformation and anonymous smears are multiplying as both campaigns surrender some control of the conversation to outside groups and dirty tricksters with deep pockets and technological know-how. Legitimate interest groups, high-powered unions and wealthy individuals plan to spend millions on television advertisements, direct mail and computer-generated phone calls over the coming weeks, almost all of them negative. These efforts will be supplemented by a lot of stuff that is even worse, like the faceless fax blast Cohen received...
...somebody. "The Reagan Revolution was essentially an experiment in seeing how much money America could borrow from overseas," says Murphy, who at the time was an investment banker in Tokyo. The answer was lots. Guided by Murphy and his ilk, Japan snapped up U.S. treasuries and other debt, keeping interest rates here from exploding as many had feared...
...quality of the primary and secondary education its students receive,” Summers said yesterday. Summers, who introduced Broad to Fryer, will serve as chairman of EdLabs’ Stakeholder’s Committee. He said that the superintendents of the three cities had already expressed interest in participating in the project.Paul E. Peterson, a government professor and director of Harvard’s Program on Education Policy and Governance, expressed enthusiasm about the idea of a laboratory for quantitative educational research.“I think something like this is very badly needed, and I think Roland Fryer...
...former President Kennedy. Why? Because the Apollo project catapulted the U.S. into a scientific leader," he says. Like America during the last space race, China could expect a space program would lead to job creation in high-tech fields, dual use technology that can have military applications and heightening interest among students in math and science fields. "The Chinese have read the Apollo playbook," says Johnson-Freese. "They understand everything the U.S. got from lunar program...