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...article also incorrectly quoted Alexandra Monti as saying the HAA would try to offer an additional an additional senior class event as compensation. In fact, the event Monti referenced was the Red Sox ticket sale...

Author: By Margherita Pignatelli, CONTRIBUTING WRITER | Title: Red Sox Ticket Sale Goes Awry | 4/8/2009 | See Source »

...they call themselves, met in Portuguese class while undergrads at Harvard. Both went on to Harvard Business School, after which Wilson worked for eBay, overseeing eBay Canada and launching eBay Motors, while Maybank ran retail operations at Bulgari and sales-forecasting at Louis Vuitton. Eventually, however, "we discovered we were spending way too much time sneaking to sample sales and taking orders for family members," Wilson says. "We thought this might be a simpler way to go about it and more fun." Only now occasional restraint is in order. "We actually have a policy that we can't buy merchandise...

Author: /time Magazine | Title: Gilt-y Pleasures | 4/6/2009 | See Source »

...sample-sale alchemy is that the merchandise is of a high order. Whereas other discount sites source from third parties, Wilson and Maybank and their company, Gilt Groupe, based in New York City, work directly with each design house. "We are actually helping a lot of designers, especially in these challenging times, because we are able to sell so much volume that our sales are meaningful to designers." So meaningful that a recent Hervé Léger sale sold out in 45 minutes. Indeed, since the November 2007 launch, membership has grown to more than half a million, with several thousand...

Author: /time Magazine | Title: Gilt-y Pleasures | 4/6/2009 | See Source »

...fashion's loftiest ranks, the concepts of luxury and discount go together about as well as navy and black, except in one rarefied setting: the sample sale. Alexis Maybank and Alexandra Wilkis Wilson set out to re-create that élite, high-adrenaline environment with their members-only retail site, gilt.com Every day the site plays host to fashion sales, which, just like the real thing, fling open the doors to the current wares of a single designer?Zac Posen, Marc by Marc Jacobs, Donna Karan, Alessandro Dell'Acqua?at insider prices ranging from 50% to 70% off. All sales...

Author: /time Magazine | Title: Gilt-y Pleasures | 4/6/2009 | See Source »

...principal and interest payments afterwards. In 2002, Hyman—who is not provided a house by the University—took out a 30-year, $750,000 loan from the University to purchase a home that requires him to pay back “principal plus appreciation at sale or maturity.”Summers’ tenure as president, the shortest since the Civil War, ended in June 2006 with his resignation after heated struggle with members of the Faculty of Arts and Sciences. In addition to his statement that “issues of intrinsic aptitude?...

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

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