Word: accountant
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...know such private details, Shaq, but as long as we’re sharing secrets, I slept in my sister’s bed for three weeks after I watched The Omen. I wanted to tell him this, but of course, I couldn’t without a Twitter account. A few days later, Shaq posted this note at 3:03 a.m.: “IF u r reading this, u shud b ashamed ov yourself, u shud b sleep,go 2 bed I say.” At the height of our thesis slumps, my friends and I read...
...also the possibility that the dollar, after its recent show of strength, will again weaken in value against other major currencies, eroding its attractiveness as a reserve currency. Confidence in the health of the U.S. economy, and therefore the U.S. dollar, could plunge because of continued large U.S. current-account deficits, an unstable banking sector and a recession-busting, expansionist monetary policy. The budget deficit, which the Congressional Budget Office estimates will reach $1.8 trillion this fiscal year, or 13% of GDP, is reaching heights not seen since World War II. (See the top 10 worst business deals...
...Cuomo says, Merkin told investors only 15% of Ascot investments were placed with Madoff. In reality, the entire fund was invested with the Ponzi scheme, the suit alleges. In another example, the suit says Merkin told investors all of Ascot's assets were maintained in a Morgan Stanley brokerage account, and not with Madoff. In addition, Cuomo charges, Merkin "commingled his personal funds" with his investment funds for his personal benefit, including the purchase of over $91 million in artwork for his New York apartment...
...strange sight in Harvard Square—a tree outside of Peet’s Coffee had four vouchers for free burgers and fries from b.good taped to it. Seconds later, b.good CEO and co-founder Jon J. Olinto updated the company’s Twitter account “b_good_” with a cellphone picture and an invitation for its 151 Twitter followers to come claim the vouchers.Twitter, a three-year-old microblogging service, has millions of users who post steady streams of short updates called “tweets” that are limited...
...report, he held the position at Harvard from 2001 until January of this year.Excepting Summers, the University’s highest-paid professor in 2007 was Business School Professor W. Earl Sasser, who received $416,148 in compensation and employee benefits as well as a $335,000 expense account. According to the Department of Education, the average salary of a full professor at Harvard in 2006 was $165,149. Summers served as president at Harvard through fiscal year 2006, when he earned $610,556 in compensation and benefits and received nearly $100,000 in his expense account, according to publicly...