Word: spites
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That, in a nutshell, is the view of corporate America, which continues to cling to its massive compensation packages in spite of lower earnings and large layoffs. Now, however, after years of insisting on their right to pay themselves what they think they are worth, corporate executives face a rising howl of protest they may not be able to ignore. And their favorite form of income -- the stock option, which makes up as much as 90% of their total pay -- is a major target...
...spite of the growing opposition, corporate management continues to successfully oppose curbs on its executive payrolls. The FASB plan, for example, is facing opposition that its chairman, Dennis Beresford, describes as "unprecedented." Of more than 350 letters on this issue so far received by FASB from companies, accounting firms and stock exchanges, only one or two support the rule change. Leading the charge against the proposal is the Business Roundtable, a New York City group representing 200 CEOs. In a letter to FASB, Citicorp CEO John Reed, who heads the Business Roundtable's accounting task force, said the plan would...
There exists only the slightest semblance of plot, and the actors do nothing but speak in front of a basically immobile camera, a tech nique Rohmer learned from working in television. However, in spite of this, Rohmer succeeds in drawing the audience in, little by little, just as Jeanne is drawn into Natacha's family problems. The director presents four charismatic and eloquent characters, and by the middle of the film the audience feels as if it were watching an episode from real life...
...spite of the ongoing investigation, McCombe was not optimistic about his own future or that of the guard unit. "I think they'll try to fire me as long as Mr. Dowling and his regime stay in there," said McCombe. "I know [the guards] are going to be harassed again. It just seems that Harvard University preaches one law, and lives another...
...spite of Vietnam's political problems, this nation of 70 million highly motivated people is poised to succeed. The majority would like America to be involved both for nostalgic reasons and because, as far as the long isolated Vietnamese are concerned, American products are still by far the best available...