Word: generous
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...work right, IPOs reward the people capitalism is supposed to reward--dynamic entrepreneurs, not rapacious monopolists or financial card-sharks. Among high-tech firms, the beneficiaries usually include employees far down in the hierarchy, who were granted stock options, often because the companies couldn't afford high salaries or generous benefits. Certainly, venture capitalists and investment bankers make money from IPOs, and they can be used to palm off lousy securities to the public. But at their best, IPOs are a Frank Capra movie, not Wall Street...
...This very generous gift will add to the strength of one of Harvard's most distinguished and dynamic centers for international and area studies," President Neil L. Rudenstine said in a statement to the press yesterday...
...This is not the first gift she's given us," Goldman said yesterday. "When I asked for the grant, she was very generous...
...tensions with mainland China, much more is staying put in an unlikely spot--mainland China. Taiwanese companies hurt by rising manufacturing costs on the island have found a perfect alternative, a place that offers a common language and cheap labor. China has encouraged investors from Taiwan by giving them generous tax breaks. Some 30,000 Taiwanese firms have committed $28.85 billion to various types of projects. Cross-strait trade, which was first allowed in 1990 and must be channeled through third-party locations like Hong Kong, is expected to total $20 billion for 1995. In the past year Taiwan...
...Jest' (Little, Brown; $29.95) is doubly intimidating. First there is its length. Second, the title itself hints that the joke may be on the reader. By definition, infinite means no punchline. Yet David Foster Wallace's send-up is worth the effort, says TIME's R.Z. Sheppard. "There is generous intelligence and authentic passion on every page, even the overwritten ones where the author seems to have had a fit of graphomania. Characters and events are propelled by a distinctive prose that frequently mixes teenage trash talk and intellectual abstraction, a Bevis-and-Egghead style that should set older folk...