Word: high-tech
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Student start-up companies are contributing to a technological boom in Cambridge. City officials and professors say the area is increasingly winning a reputation as a center for high-tech industry. And Harvard and MIT, the universities at either end of town, are the principal attraction...
Even with high-tech expansion at Harvard and MIT, Cambridge officials maintain that the city does not make a conscious effort to attract new technology...
...despite the potential hardship, the lure of the high-tech world is easy to understand: no homework, potentially hefty paychecks and the chance to set your own rules free from proctors and teaching fellows...
...uncertainty is a major factor. The majority of new high-tech companies haven't ever seen a profit. If Amazon.com hasn't done it, imagine the risk in a dorm-room venture. By contrast, an investment bank or a consulting firm can offer a steady cash flow to virtually any Harvard graduate...
...figures Apple's board has paid for 50 years of service. Yet in an era in which fuzzy-cheeked Internet CEOs can rack up $100 million fortunes virtually overnight, how else could a board show its appreciation? Bassick says the jet illustrates a growing problem in today's high-tech world: "How do you motivate somebody who's got everything?" The jet, he admits, "was kind of a creative way of doing that...