Word: profiteer
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Noodleconomics The term ramen profitable was coined by Paul Graham, a Silicon Valley start-up investor, essayist and muse to LILO entrepreneurs. It means that your start-up is self-sustaining and can eke out enough profit to keep you alive on instant noodles while your business gains traction...
...similarly-affected universities like BU and MIT. He said these universities have acted responsibly in postponing layoffs and offering modest increases in salary to low-wage workers while cutting wages for the highest paid workers. “The bottom line is that Harvard is a non-profit subsidized by taxpayers and we expect a higher level of responsibility from them,” Langley said. “The message they are sending to workers on the bottom of the food chain is that they are surplus and not central to the educational mission of the school...
...complaint charges Merkin with violations of New York's Martin Act, for fraudulent conduct in connection with the sale of securities, and New York's Not-For-Profit Corporation Law. In the suit, Cuomo is seeking payment of damages and disgorgement of all fees by Merkin, restitution, and other equitable relief...
...salary of a full professor at Harvard in 2006 was $165,149. Summers served as president at Harvard through fiscal year 2006, when he earned $610,556 in compensation and benefits and received nearly $100,000 in his expense account, according to publicly available tax information required from non-profit institutions. Under the terms of his resignation, he then received $610,586 in paid sabbatical for the following year, as well as over $143,000 for moving expenses, loan interest subsidies, and other allowances. According to Summers’ Web site at the Harvard Kennedy School, he writes a monthly...
MEFA, a non-profit, self-financed state authority, will provide loans for the 2009-2010 academic year for undergraduate students at a fixed 7.75 percent interest rate. The graduate student loans interest rate is higher at 8.89 percent...