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...April, after the Supreme Court ruled that its prepaid tuition scheme, under which students bought thousands of dollars in lessons up front and received only partial refunds in the event of cancellations, was illegal. A subsequent government investigation unearthed more dodgy business practices at Nova, including false advertising and contract violations, and led to a partial suspension of its operations - at which point hundreds of thousands of students demanded their money back. The result was the equivalent of a bank run: as students rushed to close their accounts, the company fell some $380 million into debt. Nova then filed...
...results did nothing to alter the balance on the renewal of Superintendent of Schools Thomas D. Fowler-Finn’s contract, which will be one of the committee’s first actions upon taking office...
...Kouyoumdjian is weighing an offer of a two-year contract from her summer job at Citigroup, and has applied via e-recruiting to a handful of other jobs at the most prestigious firms. She has until Dec. 14 to decide what to do, and she’s not alone: “Pretty much all my friends, I would say like nine out of ten, are either pre-med or finance and consulting,” Kouyoumdjian says. “One of my friends who’s pre-med just had a Bain [& Company] interview...
...Just like that. That’s what drove me to be on the owner’s side.” Money talks, as the class of 1967 discovered (see sidebar), and for most careers, whoever controls the money controls the project to be accomplished. Chen connects the contract he just signed last week for Morgan Stanley’s real estate division with no feeling of duty but to his eventual dream to make buildings. “I see my two years at Morgan Stanley as a training ground for me to understand all the financial aspects...
Walser, Fowler-Finn’s staunchest ally, is retiring at the end of her term, and some say former School Committee member Marc C. McGovern, who spoke out against renewing Fowler-Finn’s contract in 2006, could win her seat. The other candidates—Nancy Tauber, Gail Lemily Wiggins, and Stephan Malner—are backed by Walser, and are likely to support the superintendent...