[quote] Nobel prize amounts will be cut by 20% in 2012, the foundation that runs the program announced Monday.
The move was made to protect the foundation's long-term capital after years of falling short of covering its operating expenses.
"One of the most important tasks of the Nobel Foundation is to safeguard the economic base of the Nobel Prize," the foundation said in a press release. "The capital left behind by Alfred Nobel must therefore be managed in such a way that it will be possible to award the Nobel Prize in perpetuity."
The new amount for each prize will be 8 million Swedish Krona, or $1.1 million. The previous prize amount was 10 million Swedish Krona, or $1.4 million.
"The Nobel Foundation is responsible for ensuring that the prize sum can be maintained at a high level in the long term. We have made the assessment that it is important to implement necessary measures in good time," Lars Heikensten, executive director of the Nobel Foundation, said in a statement.
The prestigious prize program, named for Swedish scientist Alfred Nobel, began in 1901. This year's awards will be announced in October.[/quote]
[url=http://edition.cnn.com/2012/06/11/world/europe/nobel-prize-cut/index.html]Source[/url]
God damnit, I was just planning to receive the Nobel Prize aswell.
This isn't such a terribly big deal, unless you're Professor Farnsworth
I really don't think most of the recipients who receive this are in it for the money, but for the betterment of mankind, etc. So this probably isn't a big deal.
Wait a second, is this still coming from Nobel's fortune?
He was SUPER rich.
Though I guess inflation hasn't really helped his fortune stay as valuable as in his day
I didn't even know they got money.
[QUOTE=Turnips5;36291369]This isn't such a terribly big deal, unless you're Professor Farnsworth[/QUOTE]
He'll be fine. Besides he has already won the Spanish national lottery!
make it $20
Why not cut it a little bit more? These people aren't getting these prizes because they want money, after all.
I rather get the Pulitzer prize, whatever that is.
[QUOTE=Kendra;36291272]
God damnit, I was just planning to receive the Nobel Prize aswell.[/QUOTE]
Now you'll have to win two to break even!
[QUOTE=Emperor Scorpious II;36295520]Why not cut it a little bit more? These people aren't getting these prizes because they want money, after all.[/QUOTE]
Yeah let's not pay people for their efforts for the betterment of mankind, lets just pay them NOTHING!
Yes they aren't in it for the money, but by golly, that is sure nice, and it really makes more people want to work for it, so that, after all that work, they aren't financially fucked.
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