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PIKETON -- Powerful as his words are, it's not just what Sam Ray says that catches the attention of people from Appalachian Ohio to Capitol Hill. It's how he says it. When the former atomic worker talks about the on-the-job poisonings that have killed, sickened and maimed many of his friends, he holds to his throat a device called an ElectroLarynx. It's a voice prosthesis that amplifies the vibrations in his throat into a raspy, robotic monotone.
Far from being a mere "technical violation" of regulations, Education Management Corp.'s method of paying recruiters is a companywide "sham," according to court documents filed Wednesday by the federal government, 11 states and the District of Columbia. EDMC's mischaracterization of the importance of this case and its efforts to trivialize the magnitude of its own fraudulent conduct are staggering," the United States says in its filing.
Inside of the withdrawal room we had a major release. There were green icicles hanging in the room from crystallized uranium hexafluoride. Management had declined to install safety measures to prevent this release. -- Sam Ray in March 22, 2000, testimony before a U.S. Senate committee
This Essay offers an executive compensation reform proposal that is especially addressed to firms receiving government financial assistance and thought to pose a systemic risk, although we think that all firms should consider its adoption. Executive compensation reform should lead to policies that are simple, transparent, and focused on creating and sustaining long-term shareholder value. With these criteria in mind, we suggest that executive incentive compensation plans should consist only of restricted stock and restricted stock options, restricted in the sense that the shares cannot be sold or the option cannot be exercised for a period of at least two to four years after the executive's resignation or last day in office. We would permit a minor amount to be paid out to executives cu...
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