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...brokerage firm could earn more than the head of investment banking. Just because a CEO held the highest title at a company did not mean that he had to be paid more than everyone who worked for him. Annual compensation data from the SEC has shown that a number of chief executives have not taken any of this to heart. They simply take every last dime they can get. Not everyone who runs a company is that greedy. Proxy reviews from a large number of American corporations underscore that subordinates can make more than their bosses and that merit...

Author: /time Magazine | Title: Capitalism Finally Takes Root in Russia | 4/7/2009 | See Source »

...Budget estimates are wrong, so are the "stress test" assumptions for the government's new program to determine which banks are in reasonable shape to make it through the recession and which are not. The test is based on unemployment reaching as high as 10%. If the number is likely to go well beyond that, the premise for evaluating the strength of key pillars of the financial system is deeply flawed before the evaluation process has been finished. The Administration wants to set measurements for whether large American private banks need to raise money. If 10% unemployment is a critical...

Author: /time Magazine | Title: Why the Stimulus and Bailout Hit the Government | 4/6/2009 | See Source »

...think that there are trends in the types of applications we do see,” said Kaplan, citing the number of Internet technology-focused innovations submitted...

Author: By Emma M. Benintende, CONTRIBUTING WRITER | Title: HKS Picks 50 Best New Ideas | 4/6/2009 | See Source »

...PERKS OF BEING A TWEETERB.good’s twitter runs special promotions, including playing Twitter hide-and-seek with burger vouchers around Boston.Over the weekend, Olinto offered free sweet potato fries from 11 p.m. to 2 a.m. on Friday at its Harvard Square location. He found the number of people who responded to the experiment—thirty—somewhat disappointing, but will continue to roll out promotions.Eric C. Chen ’11 is a b.good follower who was already a customer when he discovered the chain’s account. “I like...

Author: By Lingbo Li, CRIMSON STAFF WRITER | Title: Square Shops Embrace Twitter | 4/6/2009 | See Source »

...moving expenses, loan interest subsidies, and other allowances. According to Summers’ Web site at the Harvard Kennedy School, he writes a monthly column for the Financial Times, co-edits the Brookings Papers on Economic Activity, serves as a managing director of D.E. Shaw, and serves on a number of not-for-proft and for-profit boards.A “Statement on Outside Activities of Holders of Academic Appointments” from the Provost’s Web site notes that faculty members and other academic appointees are hired under “the expectation that [their] primary professional...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Summers Salary Data Released | 4/6/2009 | See Source »

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