US – Saturday, November 7
National
Military base is site of soldier’s rampage
An Army psychiatrist who had treated soldiers wounded in foreign wars opened fire with two handguns on soldiers preparing for foreign deployment at the Fort Hood U.S. Army post in Texas on Thursday, killing 12 and wounding 30 others.
 
International
Sante D’Orazio: You can’t hide from this lens
With Sante D’Orazio behind the camera, celebrities will do the craziest things. Famous faces from Angelina Jolie to Pamela Anderson have posed for the photographer. Now D’Orazio presents his favorite photos from the past 10 years in a new book, “Barely Private.”
 
The Word
A wee little way to try to get famous
There are hundreds of ways to get your name in the paper: appear on reality TV, get knocked up by a reality star, film yourself while getting knocked up by a reality star ... the list is endless. But here’s a new one: A model named Yvette Monet has put a restraining order on ex-boyfriend Verne Troyer, according to RadarOnline.
 
Movies
A ‘Carol’ that hits some high notes
REVIEW. There is something creepy about the way Robert Zemeckis makes movies. In his last three films — first “The Polar Express,” then “Beowulf,” and now “A Christmas Carol”— the director has employed a hybrid method that crosses live action with animation. He no doubt thinks the work is pioneering, but “pioneering” usually has a positive connotation.
 
Business
Wal-Mart: $20 meal for 8 people
NEW YORK. Wal-Mart has cut prices on turkeys and other Thanksgiving staples. U.S. stores began yesterday selling whole, 12-pound turkeys for 40 cents a pound. That’s a third of last Thanksgiving’s average price.
 
My Travel
Get your groove back in Jamaica
Haunted colonial mansions, triathlons and motivational theme parks — not things you think of when you think of Jamaica? Think again, mon. Jamaica is fast becoming the health and activity capital of the Caribbean. Feel like you need to recharge rather than merely relax? With direct flights on JetBlue launching in January and locals that welcome you with open arms, you’ll be getting your groove back in no time.
 
Published 20:27, September the 23rd, 2008
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Wall St. executives pay price of failure

Crash destroys CEO stock values. Still, they won’t starve

 The financial crisis has taken a big bite out of Wall Street pay packets with top bankers losing hundreds of millions of dollars as share prices collapse.

The chief executives of Wall Street’s biggest banks get the lion’s share of their pay in stock and stock options.
Dick Fuld, the CEO of Lehman Brothers – forced into bankruptcy last week – lost more than $740 million as the Lehman share price fell from a 52-week high of $67.35 to almost nothing.

Fuld held 11 million Lehman shares, according to  the Securities and Exchange Commission.

Lloyd Blankfein, the CEO of Goldman Sachs, lost nearly half a billion to the credit crunch.

Merrill Lynch CEO John Thain saw his holdings lose more than $51 million while Morgan Stanley’s John Mack lost more than $123 million in value on paper.

David Wyss, chief economist at Standard & Poor’s, the New York based credit rating agency, said: “Shareholders want to make sure that a chief executive runs the bank well and makes the share price go up. The easiest way to do that is to make sure his pay rises and falls depending on the success or failure of the company. Here we see what happens when the company fails.”

Still, Goldman's Blankfein had a total pay package worth more than $67 million last year.

Fuld, who received a bonus of more than $35 million in his last year, made so much as CEO that he is under pressure to return some of his fortune to shareholders who lost everything.