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After fifteen years at the helm of the Harvard Management Company (HMC), Meyer is bequeathing his successor an endowment that makes Harvard the second wealthiest nonprofit in the world, with a net worth larger than some countries...
Last month, Power and Prendergast, who is now a special adviser to the president of the ICG, sent a letter urging the presidents of the 100 wealthiest U.S. universities to cleanse their endowment portfolios of Sudan-related stocks...
...CONVICTED. MIKHAIL KHODORKOVSKY, 41, former chief of Russian oil giant Yukos, who became the country's wealthiest oligarch as state industries were privatized after the collapse of the Soviet Union; on charges including tax evasion and fraud; in Moscow. The conviction ended a long trial that critics claimed was part of a politically motivated campaign by the Kremlin to deter the billionaire from financing opposition to Vladimir Putin and discourage independent business. Khodorkovsky, whose now-dwindled fortune was once estimated at $15 billion, was sentenced to nine years in prison, which will remove him from the scene well past Russia...
CONVICTED. MIKHAIL KHODORKOVSKY, 41, former chief of Russian oil giant Yukos, who became the country's wealthiest oligarch after the collapse of the Soviet Union; on charges including tax evasion and fraud; ending a nearly yearlong trial that critics claimed was part of a politically motivated campaign by the Kremlin to deter the billionaire from financing opposition to Vladimir Putin; in Moscow. Khodorkovsky, whose dwindled fortune was once estimated at $15 billion, was sentenced to nine years in jail...
...lives depend on it, which they might. If anything, we will continue to eliminate physical effort. "Companies like Procter & Gamble are working hard to stop all the drudgery of cleaning and scrubbing," jokes Sallis. And while a small percentage of the nation--mainly found among the best-educated and wealthiest classes--are committed gym rats, most folks cannot find the time, energy and will power to regularly work out. "People are really motivated to avoid activity," Sallis observes...