Word: profit
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...show featuring models swamped in giant brocade kimonos, Christian Dior announced sales were up 50%. Not of kimonos but of shoes and bags and sunglasses, bought by those wowed by the couture. And then there's Chanel, where the more wearable couture created by Karl Lagerfeld reportedly turns a profit. Women who pay more than $10,000 for a dress want to be able to wear it, after...
...Templeton said they have managed the funds well and that Harvard is seeking short-term profit that might hurt other investors...
...They’re looking out for the best interests of Harvard in terms of trying to gain short-term profit, and we believe that that is going to be to the detriment of our long-term shareholders,” said Templeton spokesperson Lisa Gallegos...
Templeton suggested in the complaint that Harvard’s alleged desire for short-term profit was at least in part motivated by the bonuses paid to HMC managers, including Vice President for Emerging Markets Steven Alperin, who was named as a co-defendant in the suit...
...This is a continuation of Harvard’s predatory pattern of buying large stakes of closed-end funds at steep discounts for the sole purpose of liquidating for short-term profit,” she said. “That’s a tactic that we believe could jeopardize the future of the closed-end fund vehicle...