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July 21, 2012 | Wire reports
New Orleans Saints quarterback Drew Brees defended teammate Jonathan Vilma in a court document filed Saturday to support Vilma's fight against the NFL over his season-long suspension. The affidavit was entered in federal court in New Orleans as evidence for Vilma's motion to dismiss the 2012 suspension imposed by NFL Commissioner Roger Goodell , for the linebacker's alleged involvement in a program offering bonuses to players who injure opponents. Vilma has sued Goodell, claiming defamation.
June 30, 2012 | By Dylan Hernandez
The Dodgers have finalized an agreement with their first-round draft pick, infielder Corey Seager of Northwest Cabarrus High in Concord, N.C. Seager will receive a bonus of $2.35 million, according to people familiar with the deal who spoke under the condition of anonymity because it isn't expected to be announced until Saturday. Seager was selected with the 18th overall pick, which was designated a slot value of $1.95 million by the commissioner's office. The deadline to sign draft picks is July 13. Seager, 18, is the younger brother of Seattle Mariners third baseman Kyle Seager . He was the first position player to be taken with the Dodgers' top pick since first baseman James Loney in 2002.
May 25, 2012 | By Ben Fritz and Alex Pham
Activision Blizzard Inc. on Friday dropped a hint at how much money could be at stake in its high-profile lawsuit against two former developers of the company's Call of Duty games. At a pre-trial hearing in California Superior Court in Los Angeles, Activision's attorneys said the Santa Monica game publisher had created a "bonus pool" totaling $493.5 million over the last nine years for employees at Infinity Ward, the studio that created the Call of Duty franchise and developed five out of the eight games in the series.
April 21, 2012 | By Meg James, Los Angeles Times
Comcast Corp.'s highest-paid executives — Chief Executive Brian Roberts and NBCUniversal chief Steve Burke — experienced compensation deflation last year. Roberts' pay package shrank 13.3% in 2011 to $26.9 million. That included a performance-based cash bonus of $5.5 million for the 52-year-old executive. Meanwhile, Burke's compensation dropped a whopping 32% to $23.7 million, which included a performance bonus of $6.7 million. The 53-year-old executive's amount fell dramatically last year, as it was the first time in three years that he did not collect a signing bonus.
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)
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.
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.
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.
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.
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