Word: funding
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...even hotels. Samsung wields tremendous economic and political influence in South Korea. Its companies account for some 20% of the nation's exports. The charges against Lee are a result of an investigation started after a former Samsung counsel accused the group late last year of operating a slush fund to bribe politicians and bureaucrats. (Lee, however, wasn't charged with bribery...
Samsung also announced that it will abolish its Strategic Planning Office, which coordinated among the many Samsung affiliates. The company is "moving to the separation of ownership and management," says Thae Khwarg, CEO of fund manager SEI Asset Korea in Seoul. Lee's departure "will make managers more conscious that they have a duty to their shareholders." And with Samsung taking the lead, other chaebols may be forced to follow suit. "Samsung has set many standards," says Yoo Jung Sang, a managing director at Good Morning Shinhan Securities in Seoul. "There should be a spill-over effect to the conglomerates...
...three reasons why you’re buying stock,” he said. “The fact that it’s going up doesn’t count.” Lynch gained prominence in his years as the head of Fidelity Investments’ Magellan Fund. In his 13 years managing the fund, its assets grew from $20 million to $14 billion—approximately a 29 percent annual return. Anthony J. Genello ’08, the president of the Harvard Financial Analysts Club (HFAC), described Lynch as an inspiration to students learning about finance...
...course. The course begins in Hopkinton and proceeds through Ashland, Framingham, Natick, and Wellesley before winding into Boston and ending at Copley Square. While the marathon is open to men and women from any nation, most runners must qualify for the race. But HCMC, along with other charity fund-raiser groups, is awarded a small number of entries to the race. Sam B. Novey ’11 entered the marathon only a few weeks ago, when HCMC received roughly 12 extra slots. “I’ve wanted to do it for a while, and basically...
...Black: I was working as a software contractor for the [U.K.] government, but prior to that I had been initially working for a hedge fund, and in that time I spent a lot of time looking at Internet start-ups. And prior to that I had worked for companies that built trading software for a variety of stock exchanges around the world, so I was very, very familiar with general stock-exchange-type technology. I've always been a punter [bettor], all my adult life, and very, very interested in sport. So this was a reasonably natural area...