Word: poorly
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...effect in the U.K., CEO compensation has become more likely to fall when operating performance does. "'Say on pay' in the U.K. was effective in achieving one of its major goals," the authors write, "to reduce the 'rewards for failure' through a stronger link between pay and realizations of poor performance." That effect has been most pronounced at the firms handing out the biggest pay packages...
...relatively competent impression he makes. But Tusk's success also represents Poland's growing acceptance of free-market ideas. In 1993, an economically liberal forerunner to the party that Tusk co-founded in 2001 drew just 4% of the vote amid criticism that it was insensitive to the poor. In October, Tusk's Civic Platform, running on similar ideas, got 42%. (Since the election, support has climbed further to 60%.) In a recent survey, moreover, 42% of Poles identified themselves as being on the right in terms of their economic outlook, as against just 22% on the left. Even some...
...public spending still soaks up 45% of GDP. Low investment in infrastructure means that it takes longer to drive from Warsaw to Krakow today than it did 10 years ago. Though the exodus is slowing, some 20% of young Poles seek their first jobs outside the country. "A poor country with a badly structured welfare state cannot become an economic tiger," says Balcerowicz. "If Poland is to become another Ireland it has to complete its fiscal reforms...
...Poles who still live in smaller towns take a different view. In the village of Radecznica, nestled in rolling hills near the Ukrainian border, some 45% of the 6,500 inhabitants voted for the PIS in the last election; Tusk's party got only 10%. The region is poor: Radecznica's sole employer is a state mental institution. The town lacks paved roads and even a sewage system. Mayor Gabryel Gabka, 58, has applied for European Union money to build one. "But even if we get it, there may not be the people here to do the job," he says...
...melanin-challenged, asked, "What do they mean by 'white people?' I mean, you like some of that stuff, right?" As I waxed socio-economical on how the authors were trying to make a statement about classism and yuppies and liberal mind-traps (#62: Knowing what's best for poor people. "They feel guilty and sad that poor people shop at Wal-Mart instead of Whole Foods, that they vote Republican instead of Democratic... deep down, white people believe if given money and education that all poor people would be EXACTLY like them"), I thought, "Oh crap, she's right...