Word: vices
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Edward C. Forst ’82, Harvard’s first executive vice president who stepped down Aug. 1 after a year on the job, will return to Goldman Sachs on Sept. 8 as the firm’s senior strategy officer while continuing to advise Harvard on finances and capital planning...
Just under 7,000 miles (11,000 km) away, in the industrial northeastern Chinese city of Tianjin, Richard Liang, Tianjin Lishen Battery Co.'s vice president of marketing, passes by photos of Chinese state leaders before he reaches a display that contains the heart of the Coda: a gray box of power cells that makes up the car's lithium-ion battery. Lishen manufactures the $12,000 battery as part of its pioneering joint-venture deal to build and sell an electric car in the U.S. and, eventually, China. The idea is simple - Lishen, one of the biggest battery manufacturers...
...Blankfein, the criticism seems distorted. "Something that was a virtue now looks like a vice," he says. "I don't think we're going to go far in this country if we make it a bad thing for people to migrate from business into other activities like writing or philanthropy or public service." Goldman, he notes, has already paid back the $10 billion - plus $318 million in dividends and an additional $1.1 billion to buy back warrants (at above-market value, he adds) - that Paulson forced it to take last October from the $700 billion Troubled Asset Relief Program. Taxpayers...
...plant, General Motors, elected to pull out last June, leaving the plant unprofitable, Toyota says. "After the decision by General Motors to withdraw from the NUMMI joint venture, Toyota conducted a thorough review of its alternatives in light of current and anticipated market conditions," says TMC executive vice president Atsushi Niimi. "Based on this review, we have determined that over the mid-to-long term, it just would not be economically viable to continue the production contract with NUMMI." (See the most exciting cars...
...little more than a fine. (The state-run Xinhua news service noted it was the first time defendants "were jailed on charges of spreading poison.") During his visit, too, Blair met with Premier Wen Jiabao and the chief engineer of the nation's efforts to develop environmentally friendly technology, Vice Premier Li Keqiang. He came away struck by the leadership's willingness to acknowledge the country's pollution woes. The central government has made the environment a key part of its next five-year economic plan, says Blair. "The environment is not a separate chapter," he insists...