Word: profit
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...CalPERS' Enron experience, Connell hopes the right lesson has been learned. "Obviously I was wrong on the profit side. We clearly made money," she says. "But on the smell test, I was right...
...deal looks like a vintage Li maneuver?he is legendary for scooping up unfashionable assets at bargain prices and selling them later for a fat profit. Among other recent coups, the billionaire bought into American e-tailer Priceline.com following the crash of Internet stocks, and saw his stake triple in value. The Global Crossing bailout would hand the partnership majority ownership in a state-of-the-art, globe-spanning telecommunications infrastructure for an outlay equal to less than one-tenth the cost of building it. "I think at that price it's very attractive as an investment," says To Chee...
...intersect.” It does this in an unusual way, splitting up the work of its 40 international photographers among its two floors into “Creativity” and “Commerce” sections to allow visitors to see independently the work done for profit and the work done for art’s sake...
...It’s something that the University really exploits. I can’t think of any group as praiseworthy as our students are.” Griffin works for both PBH (the building and department of the Faculty of Arts and Science) and PBHA (the non-profit umbrella service organization that includes the Progressive Student Labor Movement). “I’m a janitor for PBH but I identify with PBHA only,” he says. “I even identify with people like the PSLM. I’m a Reagan Republican...
...strongly suggesting, if not making perfectly clear, that the Raptor vehicle was not a true economic hedge.” Notes taken at the meeting by Enron’s corporate secretary describe Raptor as follows: “Does not transfer economic risk but transfers [profit-and-loss] volatility...