Word: worth
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Dates: during 2000-2009
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...chief risk watchdog. He has a far different perspective from that of most of the previous Goldman bosses. In December 2006, Viniar led a meeting of senior Goldman executives to examine ongoing daily losses in the firm's mortgage portfolio. Goldman had already underwritten and sold billions of dollars' worth of mortgage-backed securities, much of it labeled investment grade by ratings agencies. It was, in fact, junk. But Goldman realized earlier than most that rot was setting in and famously decided to pull back from the mortgage market. The firm then shorted various mortgage-securities indexes - betting that prices...
...exceedingly wealthy. In 2007, the year of Goldman's record profit, the board paid him $68.5 million, a record payout for a Wall Street CEO. His 3.4 million shares of Goldman are worth about $540 million. He bought a tony $27 million Manhattan apartment at "Wall Street's new power address," as the New York Times called it, 15 Central Park West. He also owns a 6,500-sq.-ft. (600 sq m) home in Sagaponack, N.Y., near the ocean. (See pictures of expensive things that money...
...fair number of older models. Dealers, in turn, are paying more for units at auctions and at trade-in time, and they're not shy about passing their costs on to you. "It may get to the point where used cars are so expensive that it may be worth buying a new car for a few thousand dollars more, and the market will be back to the way it used to be," says Ed Olsen, the sales manager at Boulder Nissan. (See the 50 worst cars of all time...
...dramatically slashing stock holdings last fall amidst the global financial crisis. According to a Securities and Exchange Commission disclosure report released in August, Harvard had 112 publicly traded equity holdings valued at over $1.4 billion as of June 30. The figures represent a significant increase from the 99 holdings worth $771 million reported three months earlier. The SEC’s 13F report only discloses a small fraction of the University’s total investments—it does not list assets such as foreign stocks, private equity, bonds, and real assets—but suggests that in rebounding...
...official explanation coming out of Moscow is simple enough: the Arctic Sea, manned by a Russian crew, set sail from Finland under a Maltese flag on July 22. It was destined for Algeria and carried less than $2 million worth of timber. Then a group of eight Russian and former Soviet hijackers boarded the ship on July 24. The ship's tracking device was disabled in the last days of July, as it passed through the English Channel into the Atlantic, and the ship disappeared. On Aug. 12, the Russian navy sent out a search party. A week later, Russia...