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...growth in the endowment has clearly benefited those who managed it. Since 1991, Bok’s final year as University president, their pay has risen 10 times faster than the endowment itself. Following his retirement, fund managers began receiving million-dollar bonuses. By 2000, those blossomed into eight-digit bonuses—two years ago topping $35 million paid to a single manager. Two months ago, Harvard announced $57 million in bonuses for six fund managers, five of whom no longer worked at Harvard...

Author: By Stanley H. Eleff, David E. Kaiser, and William A. Strauss | Title: Better Uses of Harvard's Wealth | 3/15/2006 | See Source »

...black, the Strokes concluded a three-night stand at the 3,000 person venue.The Strokes have clearly grown up since the release of their stripped-raw 2001 debut “Is This It.” Then, the skinny-tie-wearing partiers, barely beyond their teens, rejected million-dollar studio techniques for a bare, garage-rock sound. But the five subsequent years have witnessed a significant evolution for the band. They’ve developed a fuller sound, both on record and on stage, and perform more challenging instrumental parts and more expressive, emotional lyrics. What the Strokes have...

Author: By Adam J. Scheuer, CONTRIBUTING WRITER | Title: The Strokes Light Ballroom on Fire | 3/9/2006 | See Source »

Once renovated, the upper floors of Hilles will feel like a cutting edge office environment. The plans that cover McLoughlin’s office are exciting in their aesthetic; in the new space, student organizations will take advantage of spacious offices with million-dollar views and practical collaborative work areas...

Author: By Adam Goldenberg | Title: A Space of Their Own | 2/24/2006 | See Source »

...francs (€185); now it's €420 per person - no wonder nice guys from Winnipeg weep into their pinot. OK, so I've been known to spend more on one meal than most would in a week. That's between me, my therapist and my accountant. The million-dollar question is, can it still be worth it? The short answer is yes. The longer one is that restaurants in all price brackets charge what the market will bear, not what they're worth. Even for an experienced gastronome, the rule for approaching the high-stakes tables of Paris...

Author: /time Magazine | Title: Paying the Price for Art You Can Eat | 1/15/2006 | See Source »

...spreadsheet, bristling with million-dollar totals, jumped from flat screen to flat screen last winter in the Washington underground of fund-raising consultants and political-action committees. It had been created by allies of Congressman John Boehner, an Ohio Republican known for massive, raucous late-night parties. A window into the science of the shakedown, the spreadsheet calculated the "efficiency" of fund-raising committees headed by various leaders of the House, showing which were most generous to other Republicans. Boehner's backers were thrilled when the widely forwarded spreadsheet produced a front-page headline in The Hill, a newspaper focused...

Author: /time Magazine | Title: Can This Elephant Be Cleaned Up? | 1/15/2006 | See Source »

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