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Why 'say on pay' failed

Oliver Twist

Advocates of Dodd-Frank's 'say on pay' rules hoped shareholders would reign in allegedly excessive executive pay packages. Instead, shareholders have endorsed 97 percent of pay packages they've voted on.

New York is running out of luxury apartments

I Love New York

You wouldn't know it from looking at all of the glass towers going up across Manhattan, but the city is running out of penthouses and other ultra-luxury apartments, and what's on the market may be overpriced.