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...wrapped up its second day of hearings. Global imbalances is one of the 22 areas that the panel is supposed to investigate as a possible cause of the credit crunch. But in two days of hearings, which included testimony from top financial executives, economists, analysts, regulators and a hedge fund manager, there wasn't a single question that had to do with what role foreign investment might have played in creating the crisis. (See the worst business deals...
...burden for states is gaining traction. "Senator Nelson's deal has been a blessing to those states like New York that were feeling left out. It brought the issue back into public recognition," says James Tallon, a former New York state assemblyman and current president of the United Hospital Fund, a nonprofit philanthropic group that studies health care in New York. (See 10 players in health care reform...
...Jack R. Meyer, then-CEO of HMC who presided over a long period of endowment growth, left the organization with 30 employees to start a hedge fund after some alumni protests resulted in a flurry of negative media attention and salary decreases for top-performing HMC portfolio managers...
...alumni protested what they viewed as excessive compensation in a series of letters to then-President Lawrence H. Summers. Faced with unwelcome media attention, the HMC board voted in 2004 to impose lower pay ceilings for fund managers, and HMC President Jack R. Meyer, who oversaw the endowment's growth from $4.7 billion to $26 billion, left the organization the next year to start his own hedge fund...
Clinton Bush Haiti Fund clintonbushhaitifund.org