Word: returner
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Dates: during 2000-2009
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Fred Ho ’79 was skeptical when he got a Voicemail from John Lithgow ‘67 asking him to call back. “I wasn’t going to return it because I thought it was a robocall,” he explained. But the message was indeed intended for Ho, the 2009 recipient of the Harvard Arts Medal, honoring achievement in the arts and contribution to the public good...
...return on that investment has been considerable, both in the House and in the Senate. "We've done very well," says lobbyist Jim Greenwood, a former Republican Congressman from Pennsylvania who was a member of the Energy and Commerce Committee and now heads the Biotechnology Industry Organization (BIO). "We carried a majority of the Democrats and a majority of the Republicans in each of the committees, and by very clear margins...
...Most small biologics companies are still years away from seeing their first profits in this high-risk, high-return business. Their trade association, BIO, says that in the past 11 months, at least 40 of them have cut back or eliminated drug-development programs. The venture capitalists who invest in them "aren't looking to cure Parkinson's disease as much as they are looking for a return on their investments," says Greenwood. "They're just as happy to put their money into the next iPod." But increasingly, the big players in the pharmaceutical industry are moving into the biologics...
...more than $25 million in illegal profits. The defendants include higher-ups at two hedge funds as well as executives at Intel, IBM and the consulting firm McKinsey. Rajaratnam was arrested with the others on Oct. 16, but he promptly paid the $100 million bail so that he could return to work on Monday...
...freeze doctors' wages where they are today for 10 years, giving Congress some breathing room to come up with a better formula. "The Administration is prepared to promise to do what any administration would do anyway, but that doctors now have to spend time and energy to forestall, in return for support from physicians on the Administration's most important domestic policy initiative," says Henry Aaron, a senior fellow for health policy at the Brookings Institution. "This seems to me to be a good deal for both sides. The question now is whether Congress will go along...