Word: profiteer
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...player in the South Asian media market—the Harvard Business Review (HBR). The Harvard-owned management journal is launching its 11th international edition in Mumbai, home to the Hindi-language film industry. Harvard Business School Publishing (HBSP), the review’s not-for-profit parent company, announced last week that it would team with the India Today Group, a media conglomerate, on the South Asian venture. The South Asian monthly will contain close to the same content as the U.S. edition but will run regional advertising, according to HBR spokeswoman Cathy Olofson. The debut of HBR South...
David has moved on from investment banking and now works for a major entertainment company in corporate development. He says that my liberal ideals have made him a better person, more empathetic than before. And now that we are friends, I consider salvaging his soul a non-profit effort...
SENTENCED. Andrew Fastow, 44, former chief financial officer of Enron; to six years in jail for his role in inflating profit figures, hiding billions of dollars in debt and enriching himself before the energy giant's 2001 collapse; in Houston. Fastow was set to serve up to 10 years after he had pleaded guilty in 2004, but Judge Kenneth Hoyt attributed the lenient sentence to his family's suffering and his cooperation in the prosecution of ex-CEO Kenneth...
...Profit, of course, is what this is ultimately all about. Savvy insurance companies have realized not only that they need smart catastrophe modeling to minimize risk and help price their underwriting effectively but also that they must understand the middle- and long-term liabilities of their investments. With the growth of carbon-trading markets in Europe and the U.S.--and industry's begrudging acknowledgment that its carbon footprint is likely to be taxed in the future--polluting sectors and companies begin to look like less attractive investments...
...investigation—and surrounding media controversy—occurred in response to allegations from a Washington D.C.-based non-profit, the Environmental Working Group (EWG). In a letter to the National Institute of Environmental Health Sciences (NIEHS), a government organization which funded Douglass’ $1.3 million dollar study researching the potential link between fluoride and osteosarcoma, a type of bone cancer, the EWG claimed that Douglass’ final report contained “potential, serious misrepresentations of research results...