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...down a lot of other people with you. "Organizational malfeasance in general depends on this kind of risk analysis," says Siler. "Look at a place like Enron. People took a lot of small chances and won, then took big chances and lost big." Indeed, Siler points out, during the recent financial crisis, an entire nation - Iceland - went bankrupt in a similar way, trusting high-risk, high-reward investments that quit paying...
Grassley has been particularly critical of Harvard Medical School and has clashed with the school in recent years over faculty and physician ties to the pharmaceutical industry...
According to the IRS website, the probe will include an inspection of executive compensation. Harvard has come under fire in recent years for compensation practices at Harvard Management Company, the organization that manages the University's $26 billion endowment...
...Stanford, The Stanford Daily—the campus’s largest and most widely circulated publication—may have engaged in a little collegiate money laundering. According to a recent investigative report in The Stanford Review based on The Daily’s IRS Form 990, the publication declared a cash balance of $517,022 in 2008 and then proceeded to transfer more than half the money to a subsidiary non-profit organization called The Friends of The Daily Foundation in order to simulate an $80,408 deficit. With the apparent deficit, The Daily then applied...
...supporters, believing that they can't be swayed by facts and worried about getting crosswise with the most highly energized part of the Republican base, McCainworld has allowed her version of reality to go largely unchallenged - and her rise to continue unchecked. There is perhaps a related factor: a recent Washington Post poll found that Republicans regard Palin as the front runner for their party's 2012 nomination and that she best represents the GOP's values - besting McCain on that score...