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...than $1 million when he sold them after the firm went bankrupt. (He still took home, before taxes, $490 million from his stock-based compensation, so don't cry for him.) James Cayne, CEO of the defunct Bear Stearns, was in a similar situation. If Fuld and Cayne had known their firms were as badly at risk as they proved to be, don't you think they'd have sold as much stock as they could before their firms imploded...
...campus long known as a cradle for aspiring money-managers and a primary destination for Wall Street recruiters, over 750 enrollees packed the seats of Sanders Theater last year for Social Analysis 10—Ec 10—the College’s iconic introductory economics course. Two years ago, there were 800. Three years ago, the number topped 900—nearly a seventh of the undergraduate population...
...widows' colony in Tilak Vihar is a cheaply built and neglected cluster of homes, which were given by the government to hundreds of women and their children who survived what have become known as the anti-Sikh riots of 1984. But as the grim event's 25th anniversary nears at the end of this month, crime, addiction and prostitution have taken root in what was supposed to be a survivors' safe haven. Residents say this is because of the damage to the mental health of children who were witness to their parents' and siblings' murders and who grew...
...Muslim holy sites - a charge vehemently denied by Israel, but one that has nonetheless roused outrage across the Muslim world. In response to feared protests, Israel has barred Palestinians under 50 or not resident in Jerusalem from access to the al-Aqsa Mosque complex on the Temple Mount - known to Muslims as the Noble Sanctuary - and that, in turn, has only heightened Muslim suspicions over Israel's intentions. (See pictures of 60 years of Israel...
...lived rent-free in a house owned by Haji Azizullah, a known Afghani trafficker in the international drug trade. Said he could not afford to move and was unaware of the connection...