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ENTERTAINMENT
March 26, 2012 | By Susan King, Los Angeles Times
You must remember this: That as time has gone by, the Oscar-winning 1942 romantic melodrama "Casablanca" has become one of the most treasured movies of the 20th century. To celebrate its 70th birthday, Warner Home Video is releasing the classic on Blu-ray Tuesday in a handsome collector's set that features a new high-resolution digital restoration, 14 hours of bonus material and even a set of coasters. Winner of three Academy Awards — best film, director (Michael Curtiz) and screenplay (Julius J and Philip G. Epstein, Howard Koch)
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SPORTS
March 18, 2012 | By Baxter Holmes
At the beginning of her fourth marathon Sunday, 20-year-old Fatuma Sado liked the weather, which was nicer than expected, and her pace, which wouldn't be matched. The Ethiopia native dominated the 27th annual L.A. Marathon, posting a winning time of 2 hours 25 minutes 39 seconds, the fourth-fastest finish in race history and more than two minutes ahead of her personal record. "I am successful running marathons because I train with elite Ethiopian marathoners," she said through an interpreter after earning her second marathon win, following her debut win in Hamburg, Germany, last May. Sado crossed the finish line ahead of Simon Njoroge, the 31-year-old Kenyan who won the men's race in 2:12:12, his seventh marathon win and sixth in his last nine.
BUSINESS
March 14, 2012 | By Walter Hamilton and Nathaniel Popper, Los Angeles Times
Goldman Sachs Group Inc. has weathered a lot of criticism over the years, but nothing like the broadside that hit it from inside. A departing executive in the firm's London office accused Goldman in a newspaper column Wednesday of losing its moral compass and being overtaken by a greed-infested corporate culture. "I can honestly say that the environment now is as toxic and destructive as I have ever seen it," Greg Smith, who quit as head of the firm's U.S. equity derivatives business in Europe, wrote in an opinion piece in the New York Times.
BUSINESS
March 10, 2012 | By Jim Puzzanghera, Los Angeles Times
Pay for the top 15 executives at Fannie Mae and Freddie Mac will be cut 24% this year, led by plans to slash the total annual compensation for new chief executives of the housing finance giants to $500,000 from $6 million. Federal regulators issued the pay cuts in the wake of congressional outrage over salaries and bonuses at Fannie and Freddie, which were seized by the government in 2008 and have received about $183 billion in taxpayer money to cover huge losses in their mortgage portfolios.
CALIFORNIA | LOCAL
February 25, 2012 | By Abby Sewell, Los Angeles Times
The chairman of a community college foundation embroiled in a fiscal scandal stepped aside Friday at a meeting during which the foundation's board discussed bringing in a forensic accountant to comb through its books. The Los Angeles Trade-Technical College Foundation, which raises funds intended to help students at the working-class school, has come under scrutiny over lavish bonuses and expenses paid to the foundation's executive director, Rhea Chung, who is now on administrative leave.
BUSINESS
February 23, 2012 | By David Colker
Remember Solyndra, the solar panel maker that got $535-million government loan guarantees, only to file for bankruptcy less than two years later?    Well, some of its remaining employees could get bonuses of up to $30,000 apiece, even though the company is being liquidated. The judge overseeing the bankruptcy proceedings has OK'd paying a total of nearly $370,000 in bonuses if certain landmarks are reached, including the timely auction of some Solyndra assets, according to a Bloomberg News report.
SPORTS
February 20, 2012 | By Houston Mitchell
The Rochester Lancers of the Major Indoor Soccer League announced they have offered a contract to former NBA star Allen Iverson. The Lancers have offered Iverson $20,000 per game,  with a bonus of $5,000 per goal scored, win bonuses and merchandise bonuses.  More than 12 goals are scored, on average, per game. One caveat: The Lancers have only two games left this season. "Allen Iverson is one of the premier athletes of our time," said Rich Randall, Lancers vice president.  "With his athleticism and competitive hunger, I think he can be a great fit with our team and fans as we make an important playoff push, while also driving interest to an exciting, growing sport.
BUSINESS
January 21, 2012 | By Dawn C. Chmielewski, Los Angeles Times
Walt Disney Co. Chief Executive Bob Iger received nearly $31.4 million in total compensation last year, a 13.6% increase from 2010, according to a filing with the Securities and Exchange Commission. The board's compensation committee laid out the case for Iger's package, noting that 90% is tied to Disney's performance. It said the Burbank entertainment giant achieved record net income, revenue and earnings per share in fiscal 2011, and initiated a number of projects that would contribute to the company's' future growth — including expanding attractions at Disney theme parks in California, Florida and Hong Kong, and the joint venture to create a new park in Shanghai.
BUSINESS
January 10, 2012 | By Nathaniel Popper
We knew bankers would be unhappy with their bonuses for 2011, but as the end of year payments draw closer, it is now becoming clear just how severe the cuts might be. While previous estimates have put the pay cuts for all of Wall Street at 15% or more, at the standard bearer for the industry, Goldman Sachs, pay could fall in half for the vaunted partners, with even bigger cuts for bond traders. In an industry in which year-end bonuses make up most of the pay, there is talk of there being no bonuses at all at some firms, the Wall Street Journal reported . At the lower ranks, the traditional yearly raises are being phased out, according to Bloomberg . The big bonuses are often cited as one of the primary reasons it is worth working in finance and pulling 90 hour weeks.
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