Word: accountants
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...Exchange this week. The daily Die Welt called Porsche the biggest German hedge fund, and criticized Germany's lax disclosure laws. Porsche has been stealthily building a stake in VW and it only retained the element of surprise because German law did not require disclosure of the positions that account for more than 30% of its stake in VW. "Only when it is no longer possible for a company like Porsche to secretly put its hands on such a large number of shares will it be impossible to catch investors wrong-footed," the paper said...
...someone who has been a conservative at Harvard for the past four years like Mr. Lacaria, I must contest his account of the state of conservatism on campus (“The Elephant in the Room,” Fifteen Minutes magazine, Oct. 8). More than ever before, Harvard conservatives and the Harvard Republican Club are making new inroads on campus—from inclusive events that challenge the status quo to activism that changes the course of our nation’s history. Being a conservative is absolutely not about “conserving what cannot be conserved?...
...herself with the unique tenure process of each of the College’s 44 departments and those departments affiliated with our 13 other schools. Since Harvard faculty and administrators are very protective of their own domains, the sponsor must make sure that the proposal takes existing resources into account, such as those available through Human Resources or the Association of Black Faculty, Administrators, and Fellows. Next, a sponsor needs to solicit advice from numerous associate, provisional, and otherwise-affiliated deans. Such consultations serve the dual purpose of providing feedback and potentially garnering support for a proposal. In particular...
Penguin Group USA seems to be leading the financial field when it comes to big bucks and celebrity authors. Within a span of 48 hours, Penguin imprints scooped up three of the hottest gets, shelling out millions in advances. Andrew Ross Sorkin will write a behind-the-scenes account of the Wall Street crisis, Too Big to Fail, for Viking, while his New York Times colleague Joe Nocera, along with Vanity Fair contributing editor Bethany McLean, will do a long-term take on the crisis for Portfolio, with their advance rumored to be as much as $1.6 million. Roger Lowenstein...
While MySpace got to critical mass first and Facebook became the poster child for the social-network generation, LinkedIn has always been the tortoise in this race. I think of it as the anti-social network. Although every savvy white-collar worker in the U.S. has a LinkedIn account - basically just a page that lists résumé and contact info - most users don't really know what it's good for or what one can "do" there...