Word: payout
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Monday’s announcement came two weeks after Harvard revealed that the payout from its endowment would fall by 8 percent for the next two years—a much greater reduction than the original 2 percent projection that the administration told departments to plan...
...rules do not apply to any bonuses contained in employment contracts signed before Feb. 11. (It is this provision that AIG has cited in defending its controversial bonuses to top executives.) Citi finalized its plan for paying 2008 bonuses in January. But it's unclear whether Citi's deferred-payout plan would be considered a valid employment contract under the rules set out in the stimulus package. The law leaves that up to Treasury Secretary Tim Geithner to decide...
Harvard administrators have readjusted budget planning assumptions for the next two years to keep spending in line with expectations for a slow economic recovery. The payout from the endowment will decline by 8 percent in dollar value for the next fiscal year and is projected to fall by at least another 8 percent from 2010 to 2011—meaning that the payout in two years will have shrunk by over 15 percent from this year, the University’s Chief Financial Officer Daniel S. Shore said yesterday. The new budget guidance marks a departure from University instructions issued...
...case in America, she is completely financially strapped by caring for a disabled child. And insurance doesn't cover it. And she winds up figuring out, with the help of an attorney, that if she sues her obstetrician for wrongful birth, she might end up with a payout that will allow her to take care of Willow for the rest of her life in comfort. The catch is that she has to stand up in court and say, "If I had known that Willow was going to have this disease, I would have terminated the pregnancy." And that...
...Vasily Aleksanyan, Lebedev and, of course, Khodorkovsky, all of whom had placed complaints with the European Court of Human Rights," says Claire Davidson, a spokeswoman for Yukos. But there could be a much higher cost in Russia, where the local media are already speculating on how a $34 billion payout could cripple the economy. Others suggest that, with a judgment against it, Russia could sever its ties with the European Council and the ECHR altogether. "This is speculation, but if it happened, it would be more than a loss," says Karina Moskalenko, a human-rights lawyer who has worked with...