Word: minimum
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Dates: during 1990-1999
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...experience is required to become a partner, although there is a minimum investment of "a small amount," said Thiessen, who is also a Crimson editor and President of the Harvard Investment Association...
...himself. The two online brokers, E*TRADE and e.Schwab, have each announced similar initiatives that are, unlike Wit, tied to specific underwriters. E*TRADE will offer IPOs managed by McCaffery's Robertson Stephens; e.Schwab will work with Hambrecht & Quist. E*TRADE's Cotsakos envisions the same tiny 100-share minimum as Wit, while e.Schwab's minimum, a snooty $100,000, writes off the Little Guys that Wit hopes to empower...
Some advisers think the high minimum isn't such a bad thing. Maybe betting the nest egg on hype-heavy IPOs is just another way for middle-class families to lose their shirts to financiers who wear nicer shirts to begin with. What will happen the first time Wit sells shares of some loser at $12 and they promptly sink to, say, $4? "These deals tend to be highly volatile," says a banking executive. "They appeal to people who can afford a certain amount of risk. But the mom-and-pops? God love 'em. It's not easy...
What with so many members of the news media putting on hair shirts and repenting the inherent nosiness of their profession, it's refreshing to meet people who go about the dirty business of tattling with a minimum of regret. "If you're going to publish Kitty Kelley, you've got to just do it," says Laurence Kirshbaum, CEO of Warner Books, which has released Kelley's The Royals (547 pages; $27) to even more controversy than was no doubt hoped for when the book was signed. Kelley is the famously prying celebrity biographer whose works include...
Some gave the school credit for holding the hike to a minimum...