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...particularly infuriating incident, Rose said that after he repeatedly inquired about a seemingly purposeless investment vehicle, a lawyer informed him that the company was actually set up to help a former employee defer his income to a Cayman Islands entity—thereby avoiding substantial tax payments. He also mentions another instance in his disclosure in which HMC officials adamantly opposed the reporting of a foreign entity—likely because the form used would have been attached to the publicly visible IRS Form 990, exposing Harvard to questioning about its use of offshore accounts...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: HMC Tax Concerns Aided Federal Inquiries | 4/23/2009 | See Source »

...that managers encouraged among employees to circumvent tax payments became so disruptive that he could no longer properly conduct his work. The culture of HMC, Rose said, was such that managers consciously avoided providing him with necessary reporting information. He recalls one incident in particular in which a lawyer told him he was “rocking the boat” after he raised a legitimate tax issue...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: HMC Tax Concerns Aided Federal Inquiries | 4/23/2009 | See Source »

Vargas, 57, is a hemispheric jetsetter who has successfully navigated between the often contentious relationship of Venezuela and the United States, though hardly without controversy. As a young lawyer he married into one of Venezuela's cogollo (élite) families and then, as one of the country's smartest bankers, learned to swim in its prodigious and often corrupt oil industry. But while many of Venezuela's business and financial titans have chafed under the left-wing revolution Hugo Chávez began a decade ago, Vargas and his Banco Occidental de Descuento (Venezuela's fifth largest) have thrived...

Author: /time Magazine | Title: The Dead Polo Ponies and Their Millionaire Owner | 4/23/2009 | See Source »

...Gavin's first wife, Kimberly Guilfoyle, a former lingerie model, was a lawyer and correspondent for Court TV based in New York City. (Earlier, Newsom had briefly dated the singer Jewel.) Shortly after Newsom was elected to his first term, he and Guilfoyle appeared together in a Harper's Bazaar magazine spread - the publication declared them "The New Kennedys." But the couple divorced in 2005, saying the strain of a bi-coastal relationship was too hard...

Author: /time Magazine | Title: San Francisco Mayor Gavin Newsom | 4/23/2009 | See Source »

...Kathleen Martinez, an archaeologist from the Dominican Republic who has conducted the digs at Abusir for the past three years, told reporters that she wants "to be Cleopatra's lawyer," and prove there is much more to the ancient potentate than the work of two thousands years of Western male imagination. Debates still rage over everything from Cleopatra's identity - cranial scans of her half-sister's skull this year suggested she may be African, though her known lineage was Greek - to her looks. Close scrutiny of coin portraits have led some to believe that she was rather plain...

Author: /time Magazine | Title: The Tomb of Antony and Cleopatra? | 4/23/2009 | See Source »

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