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...years later, Kutaragi took a bigger gamble on PlayStation 2, sinking $2.5 billion into the start-up; it has captured about 75% of the home-video-game-console market. Kutaragi's division racked up nearly $10 billion in annual sales and contributed 58% of Sony's operating profit in its most recent fiscal year...

Author: /time Magazine | Title: KEN KUTARAGI, SONY: Playing His Way to the Next Level | 12/1/2003 | See Source »

...grown weary of the shenanigans of energy companies like Enron, the oilman commands respect--and earns it--by pumping twice as much oil out of the ground as Kuwait does. As ExxonMobil's senior vice president for exploration and production, he was responsible for 80% of the $11 billion profit generated last year by the world's largest private oil company. The challenge: Can Tillerson, 51, ride that success to become...

Author: /time Magazine | Title: REX TILLERSON, EXXONMOBIL: An Oilman Who Still Gets Respect | 12/1/2003 | See Source »

...York City last month, a nonprofit group called Women's World Banking organized a three-day conference at Goldman Sachs that the hosts dubbed "Wall Street Meets the World of Microfinance." As a subset of socially responsible investing, microlending has a compelling "double bottom line": make a profit and alleviate global poverty. Pension funds, university endowments and large corporations have been sniffing around for opportunities, but all--understandably--want to see good track records first. That's starting to happen. Moody's, Fitch, and Standard & Poor's have begun either to rate microfinance transactions like bond issuances or to rate...

Author: /time Magazine | Title: Globalization: Why Micro Matters | 11/24/2003 | See Source »

Deutsche Bank is recruiting corporate investors for its pioneering for-profit microcredit venture by pointing to its successful four-year trial run with a private donor-backed fund. Both funds seek to lend credibility--in the form of hard-currency collateral--so that MFIs can establish relationships with local banks and get better loan rates. Likewise, Citigroup has used its branches in places like Kenya to make local-currency loans to MFIs, with the hope that conservative local banks will follow suit...

Author: /time Magazine | Title: Globalization: Why Micro Matters | 11/24/2003 | See Source »

...massive baking endeavor was the work of volunteers who came together to help Harvard University Dining Services (HUDS) participate in the annual Pie in the Sky fundraiser, a bake-off to benefit Community Servings, a non-profit that delivers food to people with AIDS who cannot leave their homes...

Author: By Wendy D. Widman, CRIMSON STAFF WRITER | Title: Harvard Volunteers Bake 1,750 Pies for Fundraiser | 11/24/2003 | See Source »

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