Legg Mason (Stock Trading) Triples Chief Executive's Compensation
Legg Mason Triples Chief Executive's Compensation
Raymond A. "Chip" Mason, chairman and chief executive of Legg Mason Inc., was paid $35.7 million in the past fiscal year, triple the year earlier, as the Baltimore company became the fifth-largest U.S. money manager with the purchase of Citigroup Inc.'s fund unit.
Danielle Kost
For Deals, Jefferson Built Web Of Firms
On May 12, 2005, over dinner with business partner and FBI informant Lori Mody, Rep. William J. Jefferson (D-La.) furtively scrawled the letter "c" on a sheet of paper, and next to it wrote some numbers indicating that he was demanding a much larger personal stake in an African business deal than…
Allan Lengel and Jonathan Weisman
Chill With a Jellyfish, Rent a Pup: Japanese Pay Big for Stress Relief
ENOSHIMA, Japan — As dusk draped this seaside town in darkness, Ikiko and Kuniyo Hirutani prepared themselves for the unknown. Tonight, they would sleep with the fishes, and both had come prepared — with sleeping bags and pillows.
Anthony Faiola
CACI to Supply Geographic Information Support
CACI International Inc. won a two-year, $33 million contract to provide services supporting geographic information systems at the Defense Intelligence Agency.
Roseanne Gerin
Architect Pelli Joins Effort To Save Comsat Building
Forty years after Cesar Pelli designed the Comsat Corp. building, a low-rise glass and aluminum structure on Interstate 270 near Route 121 in Clarksburg, the famed architect is coming to Montgomery County to join an effort to save it. Texas-based developer JPI has plans to turn a former car…
Dana Hedgpeth
Treasury Nominee Has Ties to China
In an administration with just 2 1/2 years to go, Henry M. Paulson Jr., President Bush's nominee for Treasury secretary, may have little chance to make a mark on many economic issues. The administration's tax policies were pretty much set in Bush's first term, and its more recent big economic…
Paul Blustein
Contracting Supervisors Receive a Closer Look
They are a vital but underappreciated cadre in the government — contracting officer representatives. Lurita Doan , the president's choice to run the General Services Administration, has been confirmed by the Senate and sworn into office. She is the agency's 18th administrator and the first woman…
Stephen Barr
Privately Funded Trips Add Up on Capitol Hill
Over 5 1/2 years, Republican and Democratic lawmakers accepted nearly $50 million in trips, often to resorts and exclusive locales, from corporations and groups seeking legislative favors, according to the most comprehensive study to date on the subject of congressional travel.
Jeffrey H. Birnbaum
After Enron, Fighting Off the Job Offers
The government lawyers who won convictions of former Enron Corp. leaders Kenneth L. Lay and Jeffrey K. Skilling after a grueling four-month trial in Houston will probably spend their summer resting up — and fending off entreaties from law firms eager to attract white-collar specialists.
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Verizon Bias Suit Deal Sets Record
Verizon Communications Inc. will pay almost $49 million to 12,326 current and former female employees as part of a landmark class-action lawsuit alleging pregnancy discrimination.
Amy Joyce
Fed Chief Raises Inflation Concern
Federal Reserve Chairman Ben S. Bernanke expressed more concern about rising inflation than the cooling U.S. economy yesterday, sending his strongest signal yet that interest rates are probably headed higher.
Nell Henderson and Brooke A. Masters
Veteran Executives Add Seasoning to Venture Capital Market
Raj Sharma's eight-minute pitch for venture capital sounded like a plea from one of the younger, floppy-haired executives at last week's Capital Connection venture fair. His company is little more than a promise: no customers, just some new software and some lofty projections.
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