text: Nobel Foundation slashes prize money for awards - The Express Tribune
  Nobel Foundation slashes prize money for awards
  Founda­tion says it has also begun work to cut costs in admini­strati­on, expens­es relate­d to Nobel Prize celebr­ations.
  The prize money for nobel prizes is being reduced to $1.12 million. PHOTO: POPSCI.COM
  The foundation said in a statement that costs had exceeded returns from interest and investments on the capital over the past decade, m aking it necessary to lower the prize money from the previous 10 million crowns.