Word: friedman
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Dates: during 1990-1999
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...Benjamin M. Friedman, chair of the economics department, first learned of the move when he was contacted by a Crimson reporter. Green left his post to return to teaching in the economics department...
...another thing, the announcement came late in the afternoon, and neither Green nor almost any of his Mass. Hall colleagues would comment on it. Moreover, almost nobody knew that the Provost was stepping down until the news release was issued--including Maier Professor of Political Economy Benjamin M. Friedman, chair of the department to which the Provost is supposed to return...
...executives who could find themselves ill prepared to deal with what the rocket scientists have wrought. "These mathematical models, they are not dealing with statistically definable facts that can tell you with certainty that if a market moves this amount, this is precisely what will happen," acknowledges Stephen Friedman, the chairman of investment-banking giant Goldman Sachs. "In the last analysis, you need to have people with common sense who can understand enough of what the rocket scientists are saying to translate it up the line," says Friedman, whose firm earned $2.7 billion before taxes last year, more than...
...what has Wall Street finally wrought at the end of the day? Like nuclear power, derivatives perform a useful function. But they also contain a great deal of risk that must be carefully controlled. "Are derivatives here to stay?" asks Friedman of Goldman Sachs. "Certainly they are. Like many other instruments, they can be used to excess. But they can also be used for extremely beneficial purposes." It will be up to watchdogs in government and on Wall Street to ensure that the beneficial side of derivatives prevails, and that they do not follow pyramid schemes and savings and loan...
...LaChance 13(Friedman...