Word: outlying
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If a novelist lined up as many dramatic events as the author does here, his work would be blasted as contrived. Lowenstein, a magnificent business writer, creates an almost novelistic accounting of the all-too-real 2008 financial collapse. The book opens in late summer: Lehman Brothers is a hairbreadth...
Lowenstein has a pitch-perfect sense of the Street's monumental recklessness. The chorus line of overpaid bad actors in this book is endless. Held out for particular scorn is Lehman CEO Richard Fuld, who has "the daring of a gambler who believes, deep down, that he will always be...
When you hear the word intern, you probably don't think of people like Kristina Shands. For starters, she's 38. And she had notched 10 years of experience as a fundraiser at a nonprofit in Tennessee before she was laid off last year. But now that Shands is considering...
Companies are often eager for the extra set of hands. Michael Schmidt, an employment attorney in New York City, has seen an uptick in recent months in private employers calling him to find out if they can bring in unpaid interns as a way to cut costs. His answer: volunteering...
"It can be very tempting if you're laying off employees to bring in free help and call it an internship," says John Kniering, director of career services for the University of Hartford. "But most career-services operations are fairly sophisticated in weeding those out."