Word: biddinger
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Steve Graham got his by cashing in 270,000 of his 500,000 Northwest Airlines frequent-flyer miles and bidding for the prize package at a special auction organized by Northwest. "You can always use your airline miles for a trip to a great place like Fiji or London," says...
Fund American was Harvard's competitor in a bidding war for White River this spring, but Harvard's lofty endowment finally gave it the upper hand.
But even as the chair of Harvard's economics department says the University may soon have to make Major League Baseball-style offers to hold on to academic stars like Barrow, President Neil L. Rudenstine reaffirmed this week Harvard's refusal to enter bidding wars for high-dollar scholars.
Regardless of its actual terms, the bidding warthat netted Barro this contract still seems anominous precedent even for the world's richestUniversity, which has not lost a senior economicsFaculty member since 1979.
Clarida recalled from his days in graduateschool at Harvard that the University has alwaysbeen reluctant to enter bidding wars.