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...Despite his many failures, he always appeared to be 100 percent certain that his own ideas were always right," Walt said. "One would have thought that experience would have taught him a bit of humility, but if it ever came to him, it came very late. There was a tendency to constantly be prescribing advice, and it would have been easier to take if the track record had been more successful...
Mass. Governor Deval L. Patrick '78 approved a 25 percent increase in the state's sales tax last week, from 5 percent to 6.25 percent, drawing apathy from some local business managers but also concerns from others who fear the move will only aggravate a slumping economy...
...Despite the increases, which come as part of the state's $27 billion budget and will be effective Aug. 1, Massachusetts' sales tax is still relatively low compared to that in other states. Massachusetts first implemented a sales tax of 3 percent in 1966 and raised it to 5 percent in 1976, where it has remained since. Various essential goods, including clothing that costs less than $175 and unprepared food products, are exempt from sales...
...Business School also announced that applications for admission to its 2+2 program—now in its second year—increased by 34 percent, from 631 to 844. The current rising college seniors accepted into that program will work for two years after graduation before entering HBS as members of the Class...
...incoming class, 35 percent of students came from jobs in investment banking, venture capital, and other financial sectors, according to the class profile posted online. Another 23 percent worked in consulting. 47 percent of the entering students graduated college within the last three years, but only one member of the current incoming class comes directly from college...