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"I do not believe there is a case for awarding higher sums than those for which the contract allows.
Today, C.E.O.s and star traders routinely demand vastly higher sums to keep up with their counterparts at hedge funds.
Ciara Matthews, a spokesman for Mr. Walker's campaign, said that is precisely where the higher sums were going.
But it didn't change the formula for the 3,400 retirees and has kept paying them the higher sums.
If they are sold through a private sale, which can bring substantially higher sums from buyers who want to secure items before they get to auction, the medal alone could fetch $15m to $20m, Howe said.
John Manzoni, the head of the civil service, had written to Downing Street this week stating: "I do not believe that there is a case for awarding higher sums than those for which the contract allows".
Similar(43)
Only a headteacher in a large inner London secondary school would be eligible for the higher sum.
The government needs to announce before May 1 that all low-paid working households will receive a lump sum payment, with a higher sum going to households without children.
Now, under the offers that have been made so far, customers are in line to get a much higher sum.
He claimed the bank, owned by the French state at the time, had defrauded him after it resold his stake for a much higher sum.
"The only net effect was that Enron collected $350 million and bore an obligation to repay Morgan a slightly higher sum," Mr. Lowenstein writes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com