Word: cashed
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...part, Blyth says he is confident that his teams will outperform their market indices this fiscal year. According to Mendillo, the portfolio deleveraging process initiated prior to her arrival had been “accelerated” during the course of the financial crisis, leaving HMC with a positive cash situation today—in contrast to the company’s historic negative 5 percent cash reserve. But she says that HMC is now aggressively analyzing ways to carefully reinvest that cash to take advantage of opportunities for significant returns and diversification over the next few years...
...York-based Peter J. Solomon investment bank who has met with Faust on several occasions.CHANGING TACKAs the value of the endowment plummeted, donors have described Faust’s approach as direct and up-front in requesting their financial support to bolster the University’s cash reserves. Instead of winning donors over with plans for a new building dedicated to cutting-edge research, University leaders changed tactics and approached them for current use gifts and unrestricted funds to sustain Harvard’s core activities in the short-term.“We felt that it is very...
...every student, faculty member, and alum is aware that the global financial calamity has influenced every component of University finances: endowments, private philanthropy, and gifts from cash-strapped foundations. While stimulus funds have temporarily swelled the budgets of federal science agencies, the long-term picture for government funding is hazy at best, and may fall victim to deficit-cutting two years from now. Within Harvard, the deans and central administrators have had the unenviable task of cutting budgets in order to match our expenses to our newly constrained resources. We have all spent many hours since October engaged in these...
Despite President Faust’s plaints—delivered, on the eve of Commencement, perhaps too tardily—her institution deserves the bulk of the blame. Students, untutored and undirected, cannot be too harshly indicted for wanting to cash in their many talents for fortune, prestige, and power. The liberal arts should educate those passions, inspiring at the very least an awareness that the greatest goods in life are not simply creature comforts or those simple and low pleasures of the herd. And certainly, true happiness and “meaning” do not reside in satisfying...
...flights within the continental U.S. as well as flights to and from Hawaii, Alaska and Canada. Be prepared to use your Amex or other credit cards to pay for headsets, fresh meals, snacks and beverages. The airline's commuter lines, American Eagle and AmericanConnection, will continue to accept cash...