December 9, 2008 |
Morgan Stanley Chief Executive John J. Mack is giving up a bonus for the second straight year as Wall Street struggles through one of the most severe crises in its history. Mack told employees that he and the firm's two presidents, James Gorman and Walid Chammah, informed the board's compensation committee of their decision to forgo 2008 bonuses, and the committee accepted. Mack said the company was changing year-end compensation for other employees too.
November 27, 2012 |
With Pau Gasol's recent struggles, it's natural to wonder whether the Lakers will trade him. The safer bet has them waiting to see how Gasol and the team perform once Steve Nash's leg is healthy. If the Lakers do look to make a move before the Feb. 21 trade deadline, they would need to consider the trade bonus Gasol would be entitled to under his contract. The straight math suggests that Gasol, who is under contract through 2013-14 for $38.3 million, would get a bonus of 15% of that amount, or $5.7 million, but the complicated rules of the league's collective bargaining agreement say otherwise.
March 15, 2013 |
Simon Njoroge intends to a employ a different strategy in the 28th Asics L.A. Marathon on Sunday. The Kenyan runner won the men's race last year but could not catch the women's winner, who collected a $100,000 gender challenge bonus for crossing the finish line first. This year, the women will start 18 minutes 35 seconds ahead of the men - the difference in time between event records in the men's and women's divisions. The bonus is $50,000. PHOTOS: 2013 Los Angeles Marathon "This time," Njoroge said Friday, "I am focused to get that bonus.
May 8, 1986
Bassett Unified School District's 227 teachers will receive a one-time bonus from the district's first-year allocation of $686,000 in state lottery funds. The Board of Education promised teachers half of the lottery money during salary negotiations last year. The bonus will be 4.9% of teachers' wages, equaling about $1,500 for those earning $31,000 a year. Supt.
CALIFORNIA | LOCAL
November 7, 2001
The Times (editorial, Oct. 31) wrongly blames seniority for the discord surrounding bonus pay for LAUSD test scores, when the blame should clearly be placed on the program itself. The program is an affront to the dedication of California teachers. None of the award recipients studied, trained and spent countless hours away from their families because they had hopes of a big cash award. They did the work because it defines what they are all about--teaching. Do teachers at high-scoring schools deserve higher pay?
November 28, 1993
I was glad to see your remark ("Glenfed CEO Gets $1-Million Bonus," Nov. 11) about the bonus to Steve Trafton on top of his 680-K salary and the side comment that the federal regulator "did not object." Of course, you could not very well say where the money came from, namely the individual stockholder-investor, who was given a 1-for-20 reverse split and a short-time-limit rights offering at $9 for a new stock that immediately dropped to $6 plus. Many of us contributed thousands of dollars to that bonus.