Word: profiteer
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...summer of 1988, nine years after they met as freshman year roommates, Alan A.A. Khazei ’83 and Michael H. Brown ’83 launched City Year, a non-profit community service organization that currently operates in 17 U.S. locations and in Johannesburg, South Africa. City Year began as a nine-week program for 50 volunteers, but by the next fall it was enlisting young people for a full year of service...
...doing everything they can to dismantle the caricature of Iceland as a victim of its own excess, and instead portray it as the target of a financial conspiracy. Prime Minister Haarde has accused international hedge funds of deliberately spreading rumors to create a banking scare, so they could profit by "hook or crook" from wagers that the currency or stocks would tumble. In April, Iceland's Financial Supervisory Authority launched an investigation into an unconfirmed story that back in January, hedge-fund managers had hatched a plan to bet against the currency over drinks at a posh Reykjavik...
...chairman and CEO of Exxon Mobil, Rex Tillerson can arguably claim to have played a key role in delivering a record $40.6 billion in profit to shareholders last year. Yet many of them, including dozens of descendants of John D. Rockefeller, whose Standard Oil morphed into Exxon, don't want him to be chairman anymore. At the oil giant's annual meeting in Dallas on Wednesday, nearly 40% of shareholders voted to separate the roles of CEO and chairman atop the oil giant. It was more support than most such proposals get, yet still far shy of a majority...
...Evan B. Donaldson Adoption Institute, a non-profit that studies and provides education on adoption, examined national statistics and studies on transracial adoptions - those in which adoptive parents and adopted children are of different races - in the U.S. over the past two decades. In its report, "Finding Families for African American Children," the institute argues that race should be a factor in adoption placement, and that agencies should be allowed to screen non-black families who want to adopt black children - for their ability to teach self-esteem and defense against racism, and for their level of interaction with other...
...million in September, after watching him race once--once--on TV. "We put our balls on the line," he says proudly. The brash owner is even starting a horse hedge fund, allowing private investors to buy into his portfolio of Thoroughbreds and sell out at a handsome profit if they succeed. Or lose it all. "My confidence is sky-high right now," he says...