Nobel cuts prize money after many years of overspending
The prize money provided to Nobel laureates will be cut with a fifth, the building blocks behind the exclusive honours nike free sko stated on Monday, following a decade of overspending which nike free run 2 dame has extended its finances.
The Nobel Foundation stated the cash for that honours, given for excellence within the fields of science, literature and peace, would fall to eight million Swedish crowns .
The main city that forms the bottom for that honours was contributed within the will of dynamite inventor Alfred Nobel and it is handled through the foundation, that was placed in 1900.
The building blocks stated inside a statement which costs had exceeded returns from interest and opportunities around the capital in the last decade, which makes it essential to lower the prize money in the previous ten million crowns.
"It's the Nobel Foundation that's accountable for the prize money remaining at an advanced within the long term," stated Leader Lars Heikensten.
"We've made the assessment that you should take necessary measures early enough.Inch
The building blocks nike free sko stated it had also begun try to spend less in administration and expenses associated with the Nobel nike free run Prize festivities, which occur every December in Stockholm and Oslo. The 2010 laureates will get the lower prize money.