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...Thaksin did not have to pay income tax on the Shin Corp. sale. It's not illegal, but it's not particularly ethical. As one of the richest men in the country and its top politician, he doesn't exactly show a good moral example to the business community or the country. If he had just paid the tax, none of this probably would have happened. It's a matter of, say, paying $200 million, which is not the end of the world when you are getting over a billion...
...elder's Skywalker Ranch more than five years ago. All Lucas had done was perfect the modern blockbuster and create the first major special-effects company (ILM) and the first digital-animation outfit (which became Pixar). He changed the way movies were made and marketed. Now the richest, most influential maker of movies had found in Rodriguez an apt pupil, another "regional" filmmaker who could buck the system...
Funding for that improvement has arrived in the form of Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud’s $20 million gift announced this past November. The Saudi Arabian prince—also the world’s fifth richest man—designated the donation specifically for Islamic Studies. However, despite the improvement the gift guaranteed, critics inside and outside the Harvard community—still reeling from the events of Sept. 11, 2001—said they were suspicious of his background and presumed intentions and questioned whether or not the University should accept the donation...
...three suspects grew up in upscale Birmingham suburbs of Vestavia and Hoover, the former the neighborhood of ex-Healthsouth CEO Richard Scrushy, one of Birmingham?s richest and most notorious residents, who beat federal white-collar crime charges last year of cooking Healthsouth?s books. The suspects knew each other from attending Birmingham-Southern College, a private and exclusive liberal arts college affiliated with the United Methodist Church since its founding in 1856. Moseley and DeBusk were fellow drama and theater students at Birmingham-Southern, which has a small enrollment of 1,500 students. Cloyd also attended Birmingham-Southern before...
...Drayton said. He says that the importance of this sector is largely the result of enormous global inequality. “Since the agricultural revolution, only three percent of the world’s people have been in charge,” Drayton said. “The richest 20 percent of the world’s population control over 80 percent of the world income.” Drayton said that the reason social entrepreneurs are so important is because there is a need for new solutions to deal with the inequality problem. “Nothing is more...