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...status quo, where Harvard is free to pay managers less than a profit-driven institution would, but enough to attract talent like El-Erian. As a final benefit, we are pleased to note that El-Erian will be teaching at HBS starting next year. This opportunity to teach capitalizes upon the endowment’s internal management of some of its money, which is not available to some institutions—like Yale—that manage their whole endowments externally. This dessert is a welcome addition to an already satisfying meal. Anyone replacing Jack R. Meyer, the highly successful...
...while networks are flourishing, some cool hunters prefer to do the digging themselves. Roaming the streets of Copenhagen last June, Josh Spear, 21, repeatedly hit the jackpot. Looking for quirky, undiscovered gems, the cool-hunting blogger from Boulder, Colo., stumbled upon a renovated downtown hotel whose 61 rooms had been customized by 21 street artists from around the world. He also found-and blogged about on his site, joshspear.com-a chic shop called WoodWood that featured a wall of limited-edition sneakers. He says too many of today's cool hunters simply sift through blog posts, collecting other people...
...Stumble upon the steep-roofed, wood-framed structure by Ekkamai Skytrain station on Bangkok's bustling Sukhumvit Road, and you could be forgiven for thinking that you had come across a temple. Set amid lush greenery and running water, the building looks like a sanctuary from the clamor of the Thai capital. But in this case, coffee drinking?rather than meditation?is the preferred mode of retreat. Welcome to Banrie: Thailand's answer to Starbucks. It's a flag-flier for local coffee culture and serves a selection of domestically grown brews prepared the Thai way?with plenty of sugar...
...account for 5 percent of Harvard’s holdings and bonds comprise another 22 percent. The University’s diverse holdings range from traditional stocks to timber.El-Erian said he’s confident that he’s up to the task and expects to draw upon his own experience as well as the talents of the HMC staff.“You don’t expect the quarterback to play every position,” he said.CALLING OFF THE SEARCHFor Harvard, the appointment of a permanent CEO, first reported Friday in the Boston Globe, concludes...
...Sept. 11 attacks, examples of the expanded scope of military power in civilian life have been inauspicious. Americans have become too acclimated to the presence of heavily armed military personnel on their public transportation systems and in public spaces. Military recruiters and their bigoted policies are being forced back upon university campuses with threats of cutting all federal aid to these institutions—money which, by the way, universities use in epidemiological research...