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...underperformance, “a substantial number” of portfolio managers have had portions of their bonuses earned in past years “clawed back” by HMC, the report said, although it did not provide more specific figures. HMC, which has been criticized for its multi-million dollar compensation packages in the past, typically rewards managers for adding value and outperforming benchmarks. But it also withholds large portions of the bonuses over subsequent years in order to emphasize long-term growth and protect against excessive risk-taking. The report said that a small group of managers...
Harris was the founder and CEO of Pseudo.com, an early 90s internet network that he predicted would take down CBS and NBC. While others were mastering the basics of HTML, Harris was instituting the first online chat rooms and becoming a multi-millionaire. Called the “Warhol” of the internet world by New York Magazine, Harris commissioned his artist friends to do as they pleased in the Factory-esque office space of Pseudo. His unorthodox management style (which included dressing up as a clown when investors toured the office) eventually led to the company?...
During the last meeting of the academic year, the Council narrowly voted 15-13 to begin a 16-month effort to purchase the multi-million dollar 45 Mt. Auburn St. property for use as a student community center...
...album does feature a significant amount of vocal work, but this takes a back seat to the beautiful beats that define the music. Tying together an ambitious range of sounds with a newfound knack for poppy melody, Stephen Wilkinson served up all of the sounds of summer in one multi-course meal. —Staff writer Ross S. Weinstein can be reached at rweinst@fas.harvard.edu...
...mostly water and fertilizer designed to protect trees and other flammable material from flames. The coating clings to vegeation and insulates it from the approaching inferno; the fertilizer helps the damaged areas regrow in the wake of the blaze. The powdery concoction is a key ingredient of a multi-pronged firefighting strategy; after the air drop, bulldozers and ground crews move in to cut a fire break designed to halt the advancing flames...