Word: profiteer
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Dates: during 2000-2009
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...founder of INeedAPencil.com, the winner of the McKinley Family Grant in Social Enterprise in the most recent I3 Harvard College Innovation Challenge. Shah has been working on INeedAPencil.com, which offers high school students free SAT online prep courses, since his senior year of high school. For Shah, his for-profit is something he intends to take on full-time after graduation. Shah doesn’t consider social enterprise as a new trend but something that’s always been around without the label...
...NGOs [and] charities, ought to be run like businesses, [with] the exception that the profit goes to help people,” said Higgins. “[But] there’s a tendency sometimes when you’re talking about charity to accept less than perfect results because our intentions are good. But I think at the end of the day this does a disservice to the people we’re trying to help...
...Kraft's effort to forge the world's biggest confectionary business, the low-ball offer - worth $12 per Cadbury share, or 4% less than its earlier proposal thanks to an interim fall in Kraft's shares - was never likely to be welcomed. As a multiple of Cadbury's profit before deductions for tax and other charges, the deal is worth roughly a third less than the average for takeovers in the global food business since 2000, according to investment-research firm Sanford C. Bernstein. Granted, the world is in an economic slump and there's no rival...
...mastermind of one of the most elaborate insider-trading schemes in recent history remains on the lam. David Pajcin, a former Goldman Sachs analyst, pleaded guilty in 2006 of running a $6.7 million scam that authorities first detected when a retired underwear seamstress in Croatia earned $2 million in profit from a suspicious, two-day investment in Reebok. The 63-year-old, who did not own a computer, was Pajcin's aunt; he traded stocks in her name and in the name of an exotic dancer he was dating to escape scrutiny. In one ploy to glean inside information, Pajcin...
...result, some students have chosen to do public interest work at legal aid agencies and non-profit organizations during their year...