Word: dollars
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Dates: during 2000-2009
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...worked with a manager who tunes most people out after fifteen words. His rationalization is that everyone should be able to get their point across in 15 words or less-or else it's not worth the time to listen. Complex multi-million dollar projects were decided by summaries of summaries...
...wrong course. Opinion swung more quickly this time, as the cost-benefit analysis changed. When the weapons of mass destruction (WMD) weren't found and the Saddam-9/11 connection was discredited, the sense of urgent threat receded. However generous and idealistic Americans may be, a half-a-trillion-dollar nation-building venture is a harder case to make...
...growth in the endowment has clearly benefited those who managed it. Since 1991, Bok’s final year as University president, their pay has risen 10 times faster than the endowment itself. Following his retirement, fund managers began receiving million-dollar bonuses. By 2000, those blossomed into eight-digit bonuses—two years ago topping $35 million paid to a single manager. Two months ago, Harvard announced $57 million in bonuses for six fund managers, five of whom no longer worked at Harvard...
These tuition costs, and the debts required to meet them, can have lifelong impacts. They force many recent graduates to work for top dollar, making it far more difficult for them than it was for us to enter public service, teaching, the arts, or wherever else their ideals and education might lead them. Through the last decade, for just a fraction of what Harvard spent on fund manager bonuses, it could have frozen tuition at all its schools. For just a fraction of the recent (inflation-adjusted) growth in the endowment, Harvard could have forgiven the college and graduate school...
...embodies what we hope to be the future of the Democratic Party.” “Even as a Democratic governor in a highly Republican state, Warner showed an uncanny ability to get a lot done—from education reform to fixing a daunting six-billion-dollar budget deficit,” Lesser said. Honoring a politician with mass appeal goes along with the Dems’ efforts to reach out to a wider audience. “Within the past year, we have grown so much as an organization and our capacity to put on events...