Word: hire
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Advising companies on mergers has long been one of the big moneymakers on Wall Street. Companies doing an acquisition or being bought typically hire an investment bank, or a few, to steer them through the transaction. The companies pay fees for this work, which advisers for both the buyer and seller usually split. For large transactions these fees can be substantial: Pfizer is paying an estimated $207 million in M&A fees to the seven banks that are acting as advisors to both companies...
...public defenders and other court officials apparently turned a blind eye to the abuses, shocking parents who had expected a fine or probation and instead watched their children be dragged off into custody. When the mother of the 14-year-old arrested for stealing the loose change asked to hire an attorney, she was told by one defense counsel it would be a "waste of money" because the judges would not listen. Now that the scheme has been unearthed, some 5,000 kids have grounds for suing, and many have already joined a class action against the two judges...
Burdette's arguments swayed school officials in Anderson District 3. With the help of friends, she raised $40,000 to hire a recent Clemson University graduate to be the district's dedicated sex-education teacher...
Last Wednesday, the staff of the Oregon Daily Emerald—the daily newspaper of the University of Oregon—went on strike to protest the dubious decision of its board of directors to hire a publisher with supervisory control over the content of the newspaper. This move was recommended to the board by paid consultant Steven A. Smith. After receiving his sage advice, the board turned around and hired none other than Stephen A. Smith, who had already written his own job description and salary. Since the strike, the board of directors has been continued publishing editions...
...This policy is likely to be especially devastating to international students at Harvard and similar institutions. Many firms that hire extensively from the College, Law School, and Business School are heavily affected by the new restrictions. The onerous burden placed on the financial industry by the ARRA will make it difficult for employers to hire the best and brightest at a time of international crisis...