Word: multimillions
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Dates: during 2000-2009
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Jack R. Meyer, who over 14 years grew a $4.7 billion fund into a $22.6 billion behemoth, said yesterday he was departing to form his own private investment firm with four of his current associates, including two who have been the targets of recent criticism over multimillion-dollar salaries at the management company...
DIED. RAY RUDE, 88, who as an aircraft-company worker in the late 1940s invented a flexible board out of a junked aluminum wing panel and eventually turned it into a multimillion-dollar international diving-board company, Duraflex; in Stanley, N.D. More durable than wood, Duraflex boards are now the standard at the Olympics and other major diving events...
...benefits of COX-2 inhibitors are real, but millions of patients are left wondering whether they were prescribed the new pills because they were better than older and cheaper drugs or because they were backed by multimillion-dollar marketing campaigns...
Some skeptics of the student center have asked why all these items necessarily need to be housed in an ambitious new multimillion dollar complex? Why can’t they be placed in separate locations wherever there is space in Allston—in the new Houses or by retrofitting existing buildings. They could be. But by putting these components together, the product is incalculably greater than the sum of its parts. Student life today at Harvard is terribly fragmented; a centrally located student center situated on the river between all the future undergraduate Houses has the potential to unite...
...value. One financial consultant at McGill University wrote us last year arguing that at least one of Harvard’s benchmarks had been chosen because it was notoriously easy to beat. Bottom line: Being a fund manager at Harvard gives a person a near-lock on a multimillion dollar pay package—far easier than being the football coach at USC or Oklahoma, either of whom is paid one-twentieth as much as these fund managers for winning a game whose rules everyone knows...