Word: friedmanism
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...This is a new idea in a nation where our most iconic economist, Milton Friedman, wrote in 1970 that a corporation's only moral responsibility was to increase shareholder profits. Since 1995, the number of socially responsible investment (SRI) mutual funds, which generally avoid buying shares of companies that profit from such things as tobacco, oil or child labor, has grown from 55 to about 260. SRI funds now manage approximately 11% of all the money invested in U.S. financial markets - an estimated $2.7 trillion...
...risks. In the postwar era, the firm's DNA has always combined the interlocking strands represented by two of the world's foremost risk arbitrageurs - first Gus Levy and later Robert Rubin - with the investment-banker pedigree of former senior partners, including Sidney Weinberg, John Weinberg, John Whitehead, Stephen Friedman and Paulson. "We would never let our reputation as the key M&A adviser ebb in favor of being a principal," Blankfein says. "We're very self-conscious that our franchise hinges on our client relationships and the business that those relationships generate...
...Others seem mystified by the choice to eliminate one of the chain's key identifying features. "The former typeface definitely better reflected Ikea's design philosophy, giving it a very special, unique flavor that actually fit the company's style," says Vitaly Friedman, editor in chief of the online Smashing Magazine, which is dedicated to Web design. "With Verdana being used all across the Web, Ikea's image not only loses originality, but also credibility and the reputation that the company has built since the 1940s...
...also recently signed a deal with Scribd, an online startup founded and headed by a young Harvard duo: John R. “Trip” Adler '06 and Jared Friedman, a Harvard dropout who was a Computer Science concentrator in Cabot House. The deal would put nearly 1,000 of HUP’s books online, making them downloadable at costs determined...
...international presence by sending troops to Gaza, through participating more in the United Nations, more recently, a new friend in the White House, with President Barack Obama having famously spent part of his childhood in Indonesia. The country is no longer viewed as a "messy state," as columnist Tom Friedman once described it, nor is Balkanization a real fear as regional conflict and terrorism have both been brought under control. "The second term is when [SBY] will build his legacy," predicts Baswedan. "He will emerge as a global leader...