Word: marks
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Clawing back gains absent fraud--and where there are no preset clawback agreements--is another matter. The concept is foreign to most of Wall Street. Hedge funds generally have only what you might call "claw forwards": high-water-mark provisions that prevent managers from pocketing performance fees after a loss until they've made up that loss to their investors. Investment banks, meanwhile, have for decades paid out bonuses on the basis of one year's profits and worried about the consequences later...
...group that paced this dominating performance late was made up of Lin, Miller, Pusar, freshman Peter Boehm, and classmate Oliver McNally. All five stayed on from the 9:40 mark until the game became a free-throw shooting contest in the final minute. For most, it was their standout game of the season...
...McNally had a career-high 17 points, Miller grabbed a career-best nine boards against taller BC post players, and Pusar had a season-high 13 points. Boehm shook off earlier struggles to nail a huge three at the 9:05 mark a fraction of a second before the shot clock expired...
...only downside of his night was that, thanks to picking up several unnecessary fouls around the midway mark of the game, he fouled out with 40 seconds to play...
...chilly Saturday in October, Mark Hitchcock and nine friends from New Zealand kick off a four-day bachelor party in Amsterdam with a bit of sightseeing. Rather than admiring the canals on a boat tour or sampling the wares at a coffee shop, however, the men opt for something more active - they mount a 17-ft.-long (5 m) bicycle decked out with a bar and karaoke machine. It takes just 10 minutes (and a couple of beers) before they remove their shirts, attracting the attention of female tourists. "How do we get on?" asks one young American woman...