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Ford: "We are acutely aware that our domestic competitors are, by their own reporting, at risk of running out of cash in a matter of weeks or months. Our industry is an interdependent one. We have 80 percent overlap in supplier networks. Nearly 25 percent of Ford's top dealers also own GM and Chrysler franchises. That is why the collapse of one or both of our domestic competitors would also threaten Ford...
...Wagoner's travel plans are still secret but he won't be traveling via corporate aircraft. Wagoner also said he was reducing his salary to one dollar and four other top GM executives agreed to reduce their cash compensation by 50 percent. Both Ford and GM also announced they plan sell their corporate aircraft...
...estimate of 22 percent may not fully capture the actual losses from this period, Forst said in an interview yesterday, as some of Harvard’s money is invested with external managers that have yet to report their latest figures. Faust and Forst wrote in yesterday’s letter that the University should plan for a 30 percent drop-off in endowment value for the year ending June...
Yesterday’s figure dwarfs Harvard’s worst single-year endowment loss of 12.2 percent in 1974. The endowment has clocked only three years of negative returns, all under three percent, in the subsequent three decades...
...even if he succeeds, he will face a possibly more difficult situation than national politics: January 20, the day of the inauguration, is in the middle of the College’s final exam period, and Zampardo happens to have a test that day, one that counts for 40 percent of his grade for the class and may prevent him from witnessing a significant moment in American history. The class? Government 1540: “The American Presidency.” Over 2,000 undergraduates are set to sit for exams on January 20 for almost 40 different classes. Several...