Word: firms
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...pseudonymous. What's more, the 1996 Communications Decency Act frees site operators from any liability for posts made by visitors to their sites. "It is ridiculous how you can post something on the Internet and not be accountable for it," says Chris Martin, founder of the online-reputation-management firm Reputation Hawk...
...fund of the 100 largest tracked by Crane Data. For months before that, it was in the No. 1 slot. "You want to act like the smart caribous and stand in the middle of the pack," says Crane. And, of course, make sure your fund is at a big firm that has the wherewithal to back it up, should it come to that...
...should government (and by extension taxpayers) even be contemplating such action? The clearest explanation is probably that of Paul McCulley, a managing director of the money-management firm PIMCo, who wrote an essay last summer on "The Paradox of Deleveraging" that continues to resonate in financial and economic circles. When a debt-fueled investment bubble bursts, financial institutions that make their living off borrowed money (banks, investment banks, hedge funds) tend to want to reduce their leverage - their ratio of debt to equity. That's perfectly rational. But when everybody does it at the same time, big trouble ensues...
...billion for a 9.9% stake in Morgan Stanley (for which the bank must pay CIC a 9% annual dividend until 2010). On paper, that investment is now down more than 25%. Worse, Beijing paid $3 billion for a piece of the Blackstone Group just ahead of the private-equity firm's initial public offering last June - an investment that occurred about a nanosecond before the so-called subprime crisis began annihilating value on Wall Street and beyond. Fairly or not, the Blackstone stake has since become the symbol in China of a naive bunch of foreigners getting hooped by Wall...
...joining the firm’s Board of Directors. Light, who was being courted by Citigroup for a similar post in early July, has been a member of the Business School faculty since 1970 and brings extensive experience from the world of financial academia to the renowned financial firm. “[Light] was sought out by the firm after a careful review by senior management of dozens of prospects,” said John A. Ford, a senior vice president at Blackstone. The Ohio native was selected to be the Business School’s dean in April...