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...each of the seven firms that received the most government assistance should be paid but also how. Unlike his job with the 9/11 fund, Feinberg's position as pay czar is not one that inspires sympathy. Some think his meddling has made the firms over which he has sway less competitive. Others say he didn't cut enough. But as Wall Street prepares to hand out eye-popping year-end bonuses, the larger question is this: Just how much does it matter what people are paid? "Where is the empirical evidence that by doing what Feinberg is doing...
...after the firm has repaid what it owes taxpayers. The result is that in most cases, much of what the executives will get paid - in some instances, nearly 95% - will be in long-term stock grants. For the most part, Feinberg has kept cash salaries to $500,000 or less. (See 25 people to blame for the financial crisis...
...people hell-bent on boosting their stock price will produce a better outcome for the economy as a whole. What Feinberg is likely to find after five months of studying executive comp is that there is no great way to pay people gobs of money. The superrich have relatively less at stake and more reason to gamble than...
...frontier, another conflict has grown new life in recent years and, according to experts, poses a possibly greater existential threat to the Pakistani state. The province of Baluchistan, situated along Pakistan's west and northwest borders with Iran and Afghanistan, comprises more than 40% of Pakistan's landmass but less than 5% of its people. Its unforgiving deserts nearly annihilated the armies of Alexander the Great as they marched home. The native Baluch, descendants of nomadic tribes who roamed these arid wastes, number around five million and have for years complained of marginalization and mistreatment, particularly at the hands...
That acronym, by the way, stands for Harvard College Stand Up Comedy Society. The show is supposed to last less than hour, but they promise that “you’ll scream! With laughter...