Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Deirdre Fernandes Globe Staff March 29, 2019 As Silicon Valley titans and college athletic coaches trekked into Boston federal court last week to face allegations that they cheated and accepted bribes to get students into elite schools, a manager at Harvard University’s endowment posed a provocative question. “Why do we have a system where wealthy parents have to make shady payments to even more shady intermediaries to get their kids into college?” Michael Cappucci, a senior vice president at the Harvard Management Co., posted on his public LinkedIn page. “Why don’t the colleges just auction off a certain number of spots each year?”As an employee of Harvard’s $39 billion endowment, the world’s richest academic fund, Cappucci acknowledged that he may be part of the problem, but added that “this is an honest … [Read more...] about Why not auction off college seats to the highest bidder? A Harvard endowment manager is wondering
Harvard investment management
By Jeremy Blackman, Staff writer Updated 2:19 pm CST, Thursday, March 7, 2019 Photo: Mark Mulligan, Staff Photographer Texas’ School Land Board controls how $10 billion of the state’s $44 billion Permanent School Fund is invested. From right to left are board member Gilbert Burciaga, chairman George P. Bush, board member Scott Rohrman, and staffers Mark Havens, deputy land commissioner and Jeff Gordon, general counsel. Texas’ School Land Board controls how $10 billion of the... A new Houston Chronicle investigation, "Broken Trust," reveals that the Texas Permanent School Fund – at $44 billion, the country's largest education endowment – should be billions larger than it is. Politically connected investment managers are collecting soaring fees while returns lag behind other comparable funds. Read the investigation on our subscriber site, HoustonChronicle.com. *** Austin … [Read more...] about New bill: Lawmakers could take away School Land Board’s ability to invest the Permanent School Fund
By Erin Douglas Published 7:00 am CST, Friday, January 25, 2019 Waste Management CEO Jim Fish heads a company that manages landfills, recycling centers and garbage trucks, but he’d rather talk about robots, autonomous vehicles, advanced algorithms, e-commerce and big data. Fish wants the largest waste removal service on the New York Stock Exchange to operate more like a tech company that happens to pick up trash, rather than a trash company that has tech. Since moving into the CEO position in 2016, he’s driven the company at full speed toward a digital strategy with a modern, Silicon Valley-esque corporate culture. His vision is to become the kind of CEO who hires Ivy League graduates, coders and gamers and works in an open, airy and modern office space. Fish is a tall, clean-cut financial type who can talk earfuls about his ventures group and how it’ll drive growth for shareholders. He not what potential college graduate recruits expect when he enters … [Read more...] about Waste Management CEO bringing tech to trash
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | The Hedge Fund Manager Who Just Paid $238 Million for a Manhattan Penthouse Supported by Here’s what else we know about the billionaire Kenneth Griffin and how he spends his money (besides buying New York’s most expensive apartment). ByZach Wichter Jan. 24, 2019 Kenneth Griffin, the billionaire founder of the hedge fund Citadel, broke a real estate record on Wednesday when he closed on his purchase of a penthouse at 220 Central Park South for $238 million. It’s the highest price anyone has paid for a home in the United States, and $100 million above the previous record. He made his money as a trader Mr. Griffin’s financial career began when he was a student at Harvard, where he had a satellite dish installed on the roof of his dorm so he could trade in the relatively … [Read more...] about The Hedge Fund Manager Who Just Paid $238 Million for a Manhattan Penthouse
With unemployment low, you need to enrich and empower your company's existing leaders so they'll stick around. Here's how. Krister Ungerboeck Published 11:00 am CST, Tuesday, January 15, 2019 Photo: M_a_y_a | Getty Images Photo: M_a_y_a | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: M_a_y_a | Getty Images Which Employees Should You Invest in? 3 Strategies on How to Make That Choice. 1 / 1 Back to Gallery Unemployment is at its lowest point since 1969, thanks to the job gains we’ve seen during the past eight years, as desribed in this article in the New York Times. Now, however, it’s up to companies to compete over the best talent. Employees can be … [Read more...] about Which Employees Should You Invest in? 3 Strategies on How to Make That Choice.