Word: carlo
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...Earlier this year, mutual-fund company T. Rowe Price tried to determine the optimum retiree portfolio - the mix of stocks and bonds that would produce the highest returns without the risk of the nest egg running out. To do this, the analysts ran something called a Monte Carlo simulation, which mimics the real-life ups and downs of the market. Most of the time, the market goes up slightly. But some years - ka-pow! - stocks and bonds do spectacularly poorly. What T. Rowe Price found should frustrate anyone who has spent time wondering if 25% of a portfolio should...
...account. Swap the bonds for stocks, and the chance of outliving your money actually rises. In reality, most of us don't have nearly enough in our 401(k) to live off just 4%. At a 6% withdrawal rate, hypothetical retirees in more than a third of the Monte Carlo simulations crapped...
...residences and a prostitute who says she was paid to spend the night with him. Adding to his woes was a civil court ruling on Oct. 3 that may force Berlusconi's family-business holding company to pay a whopping €750 million ($1.1 billion) to archrival businessman Carlo De Benedetti in an 18-year-old case about alleged corruption in the takeover of the Mondadori publishing house. (Read "How Has Berlusconi Survived His Sex Scandal...
...commercial stations and in his role as Premier has influence over state broadcaster RAI - the country's printed press has its own conflicts of interest. The Fiat holding group has controlling stakes in Milan daily Corriere della Sera and Turin-based La Stampa. Daily La Repubblica is owned by Carlo De Benedetti, a business rival of Berlusconi's with interests in energy, automobiles and health care. Il Sole 24 Ore, the country's financial paper, is owned by Italy's main industrial lobby. "Italian entrepreneurs tend to depend largely on Italian politics," says Ricardo Franco Levi, an opposition parliamentarian...
...above all to reposition Chrysler from maker of clunky, overpowered gas guzzlers to purveyor of must-own, energy-efficient vehicles. "The challenge for Fiat Chrysler is to move away from popular products and into 'pop' products, full of cool environmental technology and on the right side of history," says Carlo Alberto Carnevale, a professor of strategic management at Bocconi University's business school in Milan and a close watcher of Fiat. "In that sense, it's the same bet as Steve Jobs'. That's why Marchionne uses that metaphor...