Word: bankerized
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...biodiversity loss, then, be seen as a failure of the market? "Biodiversity is the living capital of the planet," says Pavan Sukhdev, a senior banker with Deutsche Bank and Special Adviser to the United Nations Environment Programme's (UNEP) Green Economy Initiative. Like any capital, he says, it has to be measured to be managed. "If you don't count half of your balance sheet, you're going to get your profit and loss ratio incorrect - and we have...
...Tarr Scholars, a group made up of Harvard students on financial aid from New York or Maine. I was the youngest person in the room by far, my peer scholarship recipients either out of town or otherwise busy, and I felt out of place. I talked to an I-banker about math courses. I scanned the room...
...movie and a true-crime best seller. During the 2005 trial, the prosecution chipped away at Kissel's credibility by revealing she had a secret lover in Vermont - a television repairman. The team put a private investigator on the stand who said that her husband, an investment banker, told him he was worried his wife was trying to poison him - testimony that the appeals court judge dismissed last week as hearsay that should have been deemed inadmissable in court...
Ironically, despite their being at a firm that needed a lifeline at the height of the financial crisis, many former Merrill Lynch executives have ended up in what most of us would consider to be lucrative jobs. Last June, top Merrill Lynch investment banker George Young was hired by Lazard to be a vice chairman of its U.S. investment bank. Lazard paid its employees an average of $505,000 in 2009, slightly more than Goldman Sachs. Young, most likely, got considerably more. Thain, for his new job, will be getting an annual salary of $6 million, of which...
...became Yushchenko's Prime Minister, but disagreements between the two hindered their attempts to govern. When the financial crisis hit in 2008, wiping 50% off the Ukrainian currency's value in a few weeks, Yushchenko tried to disband Parliament to oust his foe. "It's depressing," said one Western banker at the time. "The economy is falling apart, and all he cares about is destroying Tymoshenko." Once seen as a Barack Obama figure with approval ratings topping 70%, the sitting President finished fifth in first-round voting on Jan. 17 with just...