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Shortly after the financial crisis, many predicted that employees of firms that either failed or nearly failed would have a hard time finding work on Wall Street, given the poor economic conditions and the stigma of their previous employer. What's more, news that Merrill Lynch had paid out big bonuses despite huge losses on the eve of being bought out by BofA made the investment bank and its executives in early 2009 the poster children for bad behavior on Wall Street. (See the worst business deals...
...height of the financial crisis, many former Merrill Lynch executives have ended up in what most of us would consider to be lucrative jobs. Last June, top Merrill Lynch investment banker George Young was hired by Lazard to be a vice chairman of its U.S. investment bank. Lazard paid its employees an average of $505,000 in 2009, slightly more than Goldman Sachs. Young, most likely, got considerably more. Thain, for his new job, will be getting an annual salary of $6 million, of which $500,000 will be in cash and the rest in restricted stock...
Whether or not they choose to acknowledge it, most people know that immigrant and migrant workers are paid poorly in the U.S. What they may not know is how hard these laborers toil for their earnings. That's why Gabriel Thompson, a journalist based in Brooklyn, N.Y., spent months undercover working alongside mostly Guatemalans and Mexicans in the lettuce fields of Yuma, Ariz., at a chicken plant in rural Alabama and as a delivery guy for a restaurant in New York City. His goal was not to survive on his income, which he quickly realized was nearly impossible even...
...medical community is watching such Patient 2.0 endeavors with a mix of admiration and trepidation. Clinical trials take a long time because they're rigorously controlled, with close attention paid to sampling bias and methodology. "Traditional, long-standing, peer-reviewed ways of testing new treatments and interventions is not going to go out the window," says Dr. Sharon Murphy, a pediatric oncologist who organized the IOM conference. "There is a strong scientific underpinning that is lacking in this Web 2.0 stuff." (Read "Does Tele-Therapy Work...
Crimson coach Tommy Amaker put three new players into the starting lineup, and the move paid big dividends, with all three making contributions as Harvard (15-5, 4-2 Ivy) defeated Penn (3-15, 2-2 Ivy), 80-66, at Lavietes Pavilion on Saturday night...