Word: year-end
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...responsibility of University leaders—instead, an inherent level of suspicion arises when giving to what some perceive as a “slush fund.”Fundraising numbers for the current fiscal year are not yet available, and the numbers for May and June—which comprise the final push for class reunion fundraising—typically boost year-end results. Thus far, University administrators say that donors have been receptive to the change in fundraising strategy. “Ask us 3 months ago and we would not have predicted it,” University...
...people to newspapers by offering to pay for home delivery of any title of their choice for one day a week during the year of their 18th birthday. Since such schemes aren't likely to do the trick for French papers, it makes sense for publishers to search for ways to eliminate costs before they occur. After all, the free handout dailies - another source of woe for traditional papers - long ago stopped publishing during year-end holidays and summer vacations, when readership volume dropped...
...million in exchange-traded stocks and closed-end companies to report those holdings. Companies are “closed-end” if they sell a fixed number of shares that are traded on exchanges, whereas open-end companies, such as mutual funds, collect public money and invest the funds in stocks, bonds, and other securities.Harvard also invests extensively in foreign stocks, private equity, fixed-income bonds, and real assets not listed on the filings. External investment firms currently manage 70 percent of the endowment. According to its 2008 year-end financial report, emerging market equity made up 10 percent...
...Cantor has been able to lure traders, bankers and analysts away from much larger firms in part by doing away with one of Wall Street's oldest traditions - the year-end bonus. Instead, Cantor is offering to pay most of its new employees in full each month, rather than holding a good chunk of their pay until the end of the year. "There is just too much variability in year-end pay," says Martin Teevan, who joined Cantor & Co. from Goldman Sachs in December, and is the head of high yield and distressed bond trading. "There...
...paid to show up for work on Wall Street; you get paid by what you produce, as a year-end bonus. But it does the raise the question: What, exactly, does a Wall Streeter produce? If a banker or a trader brings in $10 million of profit for his or her firm, it seems reasonable that the individual should get a cut of it. There's also a scarcity premium involved. Presumably, there are only so many folks out there who can bring in $10 million or $100 million in a given year, so you have to include some...