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...firms that will be directly helped by the bailout is Goldman Sachs. Paulson, the man who is leading the bailout, is a former Goldman Sachs CEO, and mega-investor Warren Buffet, who called the bailout "the right thing" for Congress to do, had just bought a huge stake in Goldman Sachs. These are clear signs that the big money-men are likely to turn the bailout to their own profit. Banks and firms that bet on paper securities not backed by real assets should be left to die on their own swords. Sivaswamy Mohanakrishnan, Auckland...

Author: /time Magazine | Title: Inbox | 10/9/2008 | See Source »

...followed former Goldman Sachs CEO Henry Paulson to the Treasury Department, where he was hired as a senior adviser in 2006. In short order, he was assigned to work on the department's response to the housing crisis, during which time he grew close to Paulson...

Author: /time Magazine | Title: Neel Kashkari, the $700 Billion Man | 10/8/2008 | See Source »

...person for as long as I've known him. He's always been a bit flamboyant, reckless." Their partnership didn't last a year. He says Rajaram was fired in June 2004 because of erratic behavior, including joining conference calls while inebriated and missing client meetings. Despite this, Robinson, CEO of Outpost Entertainment Inc., says he remained friends with Rajaram, though the two hadn't spoken since 2005. "He could have called me. I would have been there for him. He had a lot of resources to turn...

Author: /time Magazine | Title: Murder-Suicide in California: A Tragedy of the Financial Crisis? | 10/8/2008 | See Source »

...products used primarily in construction have fallen to less than $590 per ton, down almost 20% in just four months, forcing some companies into the red in what had been a booming industry. Baosteel, one of China's largest steelmakers, has cut prices twice since August, and its CEO is glum: The era of rapid growth for China's steel industry "will soon be remembered as history," says Xu Lejiang...

Author: /time Magazine | Title: China's View of the Financial Mess: Alarmed But Confident | 10/7/2008 | See Source »

...need to identify their mission, develop a focused strategy, and build an efficient organizational structure.“Ending world hunger is a noble pursuit, but results can be difficult to measure unless you have a definite plan,” Grossman said. “Having been a CEO in both the nonprofit and the for-profit world, I think that it is harder to construct good nonprofit organizations than for-profit organizations.”Rangan described two major changes—globalization and a new focus on communities—that were helping make social enterprise more...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: At HBS, Doing Good—Not Just Well | 10/5/2008 | See Source »

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