| Chat transcript with Roy Komack
Roy Komack founded and serves as president of the Family Financial Architects, Inc in Natick. He received his MBA from Boston University and is a Life Member of the American Association of Individual Investors and NAPFA-Registered Financial Advisor. Here is the transcript from Oct. 2, 2006, of Komack answering Boston.com readers' questions about personal finance and investment. .
'That takes a lot for a man to do that'
Although he said "I'm not a martyr or anything like that," but there was a sacrificial quality to his decision — that Odom and his 400-plus wins as a coach had put aside his reputation for the sake of his players. "Yeah, I see it as kind of like that," said junior guard Zam Fredrick, who transferred to USC to be closer to his home in Calhoun County. "He's taking it on himself and taking himself out of it. That takes a lot for a man to do that. That says a lot about him." During an hour-long news conference, Odom echoed for the second time the story that, on the way home from the team's upset win at Arkansas on Wednesday, he overheard the conversation of a couple of players. While they weren't critical of South Carolina's fans, per se, Odom said they were envious of the road environments at Arkansas and Vanderbilt.
U-M deal also has $4 million buyout
The university will also contribute an unspecified amount toward his retirement fund and provide him with two cars, plus paid insurance, according to the agreement. Former Michigan coach Lloyd Carr, who retired in November, earned $1,770,535.50 in overall compensation during the final year of his contract. Rodriguez could earn an additional $300,000 if he wins a national championship at Michigan. He can earn $200,000 if the Wolverines appear in a Bowl Championship Series game. Also Friday, Rodriguez received a $287,000 incentive payment from West Virginia for goals reached during the 2007 season. Among the incentives he reached this season was a one-time $150,000 payment for winning the Big East championship and receiving a BCS berth, and $25,000 for finishing in the top 10.
FDA approves HIV drug etravirine
Sold under the trade name Intelence, etravirine is a non-nucleoside reverse transcriptase inhibitor, or NNRTI, that helps to block an enzyme that the human immunodeficiency virus needs to multiply, the FDA said. It was approved for use in combination with other anti-HIV medications. Etravirine can reduce the amount of HIV in the blood and increase white blood cells that help fight off other infections, the FDA said. It also may reduce the risk of death or infections that can occur with a weakened immune system. The government gave etravirine a priority review, a status granted to medications aimed at treating serious or life-threatening conditions. Tibotec Pharmaceuticals Ltd., a unit of Johnson & Johnson, said last July that it had requested etravirine be placed on a fast track for review.
Failed Company Pension Plans Hurt Baby Boomers and Elderly Say Recent ...
The company pension plan is dead and the retirement plans that were to replace them, namely IRAs and 401(k) plans, are ailing. Paul Mauro CLU, ChFc says Federal pension reform and Government insurance do little to protect older workers. Babyboomers face uncertainty and must take charge to secure their own income income, urges Mauro. Boston, MA (PRWEB) November 24, 2005 -- The company pension plan that gave our parents and grandparents steady income during their sunset years is nearly dead. That's according to recent press attention by The New York Times Sunday Magazine (10/30 and TIME (10/24). Journalists reporting in these media blame weak public policy, bankruptcies by major corporations and accounting tricks that allow employers to underfund retiree obligations.
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