Word: multi-million
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...shrug off. There are still houses and buildings left untouched after the waves receded, standing like skeletal ghosts with long shadows amidst the newly constructed buildings. Small blue signs dot the coast, indicating where to run in case of a tsunami warning. Sri Lankan authorities recently tested a multi-million dollar early warning system along the beaches. In Sainathimaruthu, where villagers say at least 3500 died, a large red tower stands on the beach equipped with a public address system - a constant reminder that, despite the rhythms of life having returned to some kind of normalcy, it could happen again...
...underperformance, “a substantial number” of portfolio managers have had portions of their bonuses earned in past years “clawed back” by HMC, the report said, although it did not provide more specific figures. HMC, which has been criticized for its multi-million dollar compensation packages in the past, typically rewards managers for adding value and outperforming benchmarks. But it also withholds large portions of the bonuses over subsequent years in order to emphasize long-term growth and protect against excessive risk-taking. The report said that a small group of managers...
During the last meeting of the academic year, the Council narrowly voted 15-13 to begin a 16-month effort to purchase the multi-million dollar 45 Mt. Auburn St. property for use as a student community center...
...from 8.3 million to 9.7 million shares, and the value of those holdings have increased from $205 million to $313 million. Harvard also more than doubled its holdings in exchange-traded funds (ETFs) tracking South Korean and Indian indices—valued at over $200 million—and the total value of its holdings in ETFs tracking Chinese, Brazilian, South African, and Mexican indices increased from roughly $291 million to $472 million. The University reportedly bought nearly seven million shares in an ETF tracking Taiwanese indices—reversing its earlier decision to sell the two million shares...
Quotes About: "[The bank accounts] either never existed or had been closed years before Nemazee submitted the documents referencing those accounts." -U.S. attorney Preet Bharara on Aug. 26, describing how authorities believe Nemazee mislead Citibank with false financial documents in order to obtain a multi-million dollar loan...