Word: premiums
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...hopping Wall Streeters have never put a premium on loyalty. So Dick Grasso is a rarity--a man who has had exactly one employer, the New York Stock Exchange, in his entire 36-year career. The Big Board chairman gave a hint last week to what's been keeping him there. Mindful of the exchange's push for more openness among its members, Grasso disclosed that he earns a minimum $2.4 million annually. Very nice, that. But he also announced that he would cash out close to $140 million in deferred pay and retirement benefits this year...
...individuals, overweight Americans shoulder numerous expenses beyond higher medical bills. In general, life-insurance premiums rise in proportion to your girth, even if you are otherwise in perfect health. Says Bill Simons, an independent insurance broker in Washington: "It could easily be double, triple or up to five times the normal premium...
...their recent success in killing and arresting high-ranking members of the regime has begun to demoralize the insurgents. "It really gets inside these guys," says Colonel James Hickey, commander of the 4th Infantry Division's 1st Brigade. "They can't afford to lose that many. They place a premium on running away." Hickey says the insurgents have scaled back their attacks on American troops in the area, focusing instead on spreading pro-Saddam propaganda and intimidating Iraqis cooperating with...
...awaiting regulatory approval for its purchase of Austria's 2.6 billion-liter-per-year BBAG brewery for €1.9 billion. Shackleton explains that when Dutch and Belgian brewers began seeing their local markets shrink in the late 1980s, they responded by beefing up their exports, hammering the "premium" theme and buying up other breweries. German brewers, by contrast, were protected by the beer purity laws - which lost their teeth when the European Court declared them protectionist in 1987, but still act as a seal of approval - and ensconced in family and village tradition. They responded by lowering prices to stimulate...
...company afloat and lock locals into a uniquely German type of loyalty program. Another brewer, Iserlohner Pilsner, launched a "Save Iserlohner" campaign geared toward the villagers of its namesake town. Production rose enough to entice local businessmen to buy the brewery in the hope of making it a premium brand. Still, there's little doubt that a massive shakeout is on the way. "For consumers, it will mean less choice, but it won't mean no choice," says Credit Suisse First Boston analyst Andy Bowley. "We had a consolidation like this in the U.K., when lager elbowed aside things like...