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How Lehman became Lehman

first_imgBefore its collapse, Lehman Brothers Holdings Inc. — infamous for being the only company to declare bankruptcy during the 2008 financial crisis — had touched almost every sector of the American economy.Looking at its primary business records, the majority of which are at the Baker Library of Harvard Business School (HBS), it’s easy to trace the firm’s influence on a wide array of industries in its 150-year history, from retail and film to aviation and technology. The documents show everything from Lehman’s business transactions to its stock certificates, and make clear just how broad a reach the company had in national and global business.Many of these documents are on display in a new exhibit at the library, “Lehman Brothers: A History, 1850–2008,” that looks at firm’s wide reach as it went from small and family-run to the fourth-largest investment bank in the U.S.The materials, on display in the library’s north lobby until July 12, are part of a treasure trove of historical collections focusing on the evolution of business. The library holds one of the world’s most extensive collections of business and economic history; it spans eight centuries and contains more than 180,000 rare books, 186,000 annual reports, 48,000 linear feet of archives and manuscripts, and 200,000 photographs. Together, these documents help shine a light on theories, organizations, and individuals that shaped the business world while also supporting research in a number of nonbusiness fields, including social history, science, and technology.,“Though our collections cross multiple centuries, there are themes that are reflective throughout them,” said Laura Linard, senior director of special collections. “You can see the patterns.”Materials from the collections, available for use in the de Gaspé Beaubien Reading Room, are often brought out for exhibits about how important figures in business influence world affairs. The current exhibit, along with chronicling the history of Lehman Brothers, also shows the role investment banking played in the growth of the U.S. economy and how it helped launch industries that have changed history.“Clearly the focus and the way everyone remembers Lehman Brothers is as the only company that went bankrupt in the 2008 financial crisis,” Linard said. “But there’s a theme that happens with Lehman throughout, where what they were doing is recognizing the potential in emerging industries. They’re offering banking and financial services to these industries that are still considered potentially risky. When you look at Lehman, you can look at the development of business in the United States.”One of the biggest industries Lehman Brothers influenced was retail. Through a 1927 book by a partner at the firm, Lehman Brothers set the standard for how department stores are organized. The book, “Principles of Organization Applied to Modern Retailing” by Paul Myer Mazur, become a textbook in business schools throughout the U.S., including HBS.With its investments, Lehman often displayed an ability to foresee which then-novel industries would develop into mainstream successes. The firm invested early in Paramount Pictures, Pan American Airways, and IBM.,This isn’t the first exhibit at Baker Library to tap into current financial events. During the financial crisis, the library looked at previous economic crises and what could be learned from them. In 2010, as personal borrowing gained more media spotlight, the library looked at how the credit industry moved from the fringes of the economy to its center. And in 2012, as China’s economy expanded, the library explored American entrepreneurs doing business in China as early as the mid-1800s.Other recent exhibits focused on the emergence of world-changing inventions — a 2017 show featured items from the library’s 1.5 million­–object Polaroid Corp. collection — and highlighted historic moments, such as last year’s exhibit on the African-American experience at HBS from 1915 to 1990 and the formation of the African-American Student Union in 1968.Two of the neatest special-collections displays at Baker Library are economist Robert C. Merton’s 1997 Nobel Prize medal (the first for an HBS faculty member) and a desk from the First National Bank of New York (now Citibank) that belonged to HBS’s earliest benefactor, George F. Baker, who was the bank’s president. His gift funded the construction of the HBS campus in 1924.Other small displays relate to HBS history and business history in general. Two of the most notable are a bronze bas relief commissioned for an exhibit in the 1939 New York World’s Fair and a trading desk from the New York Stock Exchange.last_img read more

Empowering a Community of Momentous Women

first_imgDuring Global Partner Summit at Dell Technologies World 2018, the Dell EMC Women’s Partner Network hosted the “Momentous Women” cocktail reception, an evening of celebration and empowerment. Cheryl Cook, Senior Vice President of Global Channel Marketing, welcomed a crowd of more than 150 women (and men) from across the global Dell EMC partner community and the Dell Technologies organization.Throughout her career, Cook—executive sponsor of the Dell EMC Women’s Partner Network—shared, she has often found herself the only woman in the room. And, polling the audience, it was clear that the same held true for many of the event attendees.“Truly, that is the goal of the Dell EMC Women’s Partner Network: to get more women in the room,” Cook shared. “We want to support and empower our women partners by enabling you to build and develop relationships … So you can drive your business and your career.”The Dell EMC Women’s Partner Network: Stepping Forward and Leading the WayThe Dell EMC Women’s Partner Network is dedicated to advancing and empowering women in technology through access to resources, special events and leadership; and by creating a global community that facilitates relationship-building, mentorship and business growth.The Dell EMC Women’s Partner Network seeks to:Bring together women from across our global partner ecosystem and from within the Dell Technologies organizationCreate an atmosphere to connect, share and build business relationshipsBring awareness and provide access to programs and key initiatives created to support womenCook noted, “Your presence here represents not only the need for this kind of network, but, more importantly, it also represents your willingness to step forward and lead the way.”To help members achieve this, the Dell EMC Women’s Partner Network has created a new LinkedIn community. In addition, Dell EMC partners can access the Women’s Partner Network page on the Dell EMC Partner Portal.Joyce Mullen: Diversity and Inclusion is a Powerful Strategy that can Help Us Grow Our BusinessJoyce Mullen, President, Global Channel, OEM and IoT Solutions, Dell EMC, was among the many leaders present to support the work and mission of the Dell EMC Women’s Partner Network.“Research shows that we need diversity in talent in order to compete. But as an industry, we have work to do,” Mullen shared, adding, “I’ve been at Dell for nearly 20 years. Any of you who have been in the industry that long know we never could have filled this room two decades ago.”Mullen noted that diversity and inclusion is a business imperative in the Dell culture, which delivers both business and social value that is important to Dell’s market leadership.She then shared details around just a few of the many Dell programs created to help elevate and promote women within the organization. In addition, Mulled stated that it is the goal of the Women’s Partner Network to leverage the existing Dell programs to create greater opportunities for Dell EMC partners.“Not only is diversity and inclusion the right thing to do, but it’s a powerful strategy that helps us grow our business,” said Mullen. “As part of the Dell EMC Women’s Partner Network, I am committed to supporting and empowering you, and I hope you will do the same for all of your peers.”To be a part of this community of “Momentous Women,” join the Dell EMC Women’s Partner Network LinkedIn group. Or, if you are a Dell EMC Partner, visit the Dell EMC Women’s Partner Network page on the Partner Portal.last_img read more

Odds & Ends: Hamilton’s Taran Killam to Host the Lucille Lortel Awards & More

first_img Here’s a quick roundup of stories you may have missed today.King Killam’s First Hosting GigTaran Killam, who is currently making his Broadway debut as King George in Hamilton, will host the 32nd annual Lucille Lortel Awards. The nominees will be announced on April 4. The ceremony, which recognizes the best of off-Broadway, will take place at the NYU Skirball Center for the Performing Arts on May 7. Whether Killam will don his King George crown and robes to host remains to be seen.The Tracklist for Billy Porter’s New Album Is PerfectAs reported, Tony winner Billy Porter has a new album on the way, and it’s full of awesome (and intriguing) collaborations. Porter and Cynthia Erivo are set to tackle “My Funny Valentine,” and Leslie Odom Jr. will join him on “My Romance.” We’re not sure why his “I’m Gonna Wash That Man Right Outta My Hair” cover with fellow Kinky Boots Lola Todrick Hall is marked “Explicit” on Amazon, but we can’t wait to find out. After all, two Lolas are better than one. Billy Porter Presents: The Soul of Richard Rodgers drops on April 14. Fans can pre-order it on March 3.Taye Diggs Preps for DoomsdayThe camera loves Taye Diggs! The Broadway alum, Private Practice hunk and Empire star has lined up his next TV gig. According to Deadline, Diggs has landed the role of Dr. Davis, the youngest head of disaster prevention for Federal Emergency Management Agency (FEMA), in ABC’s thriller Doomsday. Written by Mark Bianculli & VJ Boyd and directed by Joachim Ronning, the post-9/11 set pilot centers on a top secret government think tank that is tasked with dreaming up man-made disaster scenarios and their possible solutions—that is until one of their plots becomes a reality. We’re confident dreamy Diggs will save the day.Andrea Martin & More Read for New Charles Busch PlayThis is an all-star cast: Andrea Martin, Linda Lavin, Rosie O’Donnell and Carole Shelley recently participated in a reading of Tony-nominated scribe Charles Busch’s Visitors in the Dark. With such great names attached, we’re curious to see what comes of this project. Taran Killam(Photo: Cindy Ord/Getty Images) P.S. The official trailer for Netflix’s 13 Reasons Why is out! Based on the young adult novel by Jay Asher, the story follows Clay, who discovers 13 cassette tapes on which the deceased Hannah Baker reveals why she committed suicide. Tony nominee Brian d’Arcy James, If I Forget star Kate Walsh and Kid Victory fresh face Brandon Flynn will appear in the series, which premieres on March 31. Just saw @Rosie do a reading of #VisitorsInTheDark.She’s a pleasure to watch. pic.twitter.com/6IZYPcX84b— Pamela Milam (@PJMilam1) February 28, 2017 View Commentslast_img read more

Quick Hits: News from the October Issue of Blue Ridge Outdoors

first_imgGeorgia Runner Sets 24-Hour Barefoot RecordSavannah, Ga.In August, Savannah-based runner Andrew Snope traveled to Anchorage, Alaska, where he set the world record for running 24 hours straight with no shoes. Competing in the Six Days in the Dome indoor track race, Snope covered 136.98 miles with a full day of strides inside Anchorage’s Alaska Dome. The effort bested a previous record of 131.43 miles posted last year by New Zealand’s Peter Wayne Botha.Remarkably, Snope started running less than three years ago, inspired after reading Christopher McDougall’s best-selling book Born to Run. He’s never owned a pair of running shoes and only runs barefoot or in minimalist sandals.A.T. OrientationRichmond, Va.Adapting to life on campus can be tough. To help some incoming freshmen at the University of Richmond get acclimated to college life, some school officials took 18 incoming students on a 40-mile hike on the Appalachian Trail. The hike, led for the second year in a row by Patrick Benner, associate dean for residence life, has become part of the school’s pre-orientation program for new students. “It’s about being able to talk on the trail,” Benner said in a release. “We start off talking about who has the best delivery pizza and move on to talk about what they want to achieve on campus, their concerns, and their worries.”New A.T. Board GameMarshall, N.C.A hiking enthusiast has created a new Appalachian Trail-themed board game, an effort that was funded through Kickstarter donations. Created by Mark Hanf of Marshall, N.C., “Thru Hike: The Appalachian Trail Game” takes players through a map-style board course of the venerable trail, moving forward as they answer trivia questions or identify plants and animals. Hanf got the idea for the game after he cleaned an A.T. shelter that had been left in rough shape by previous visitors. He decided to make a game that would teach people about the trail, including best practices during hiking and backpacking trips. The nonprofit Appalachian Trail Conservancy gave him asmall grant for a prototype of the game. Then the Kickstarter campaign for greater production launched in July, reaching its initial funding goal within 48 hours.The Man Who Cried Mountain LionAiken, S.C.Bill Lunsford certainly had the town of Aiken on edge. According to a report by the Associated Press, the 55-year-old man told police officers burglars broke into a pet store and set a mountain lion free. The local police force sent 12 officers on an 18-hour search for the domesticated animal that was said to have been three feet tall, weighing approximately 100 pounds. But police later learned the whole thing was a hoax, which resulted in Lunsford’s arrest for filing a false police report.Beyond the Blue RidgeRunner Loses Medal (For Taking off His Shirt)Zurich, SwitzerlandIt appeared French runner Mahiedine Mekhissi-Benabbad took gold in the European track and field championship’s 3000-meter steeplechase. But soon after the race, he was disqualified for taking off his shirt before he crossed the finish line. At first, Mekhissi-Benabbad was just given a yellow card warning for the infraction, which he claimed was supposed to be a celebration similarly done by soccer players after scoring a goal. But after an appeal from track officials in Spain, the runner was disqualified for violating uniform standards.Mekhissi-Benabbad has been embattled with officials for bad behavior in the past, including pushing a mascot at steeplechase championships in both 2010 and 2012.Giraffe Kicks Fence HopperMadison, Wis.It turns out those fences they erect at zoos are there for a reason. A woman learned this lesson the hard way when she climbed the fence at Madison’s Henry Vila’s Zoo, entering the boundary of a giraffe exhibit. When Amanda Hall, 24, tried to make an escape over a second fence a 12-foot-tall giraffe named Wally kicked her in the face. Fortunately her injuries were not life-threatening, but according to a news story, Hall was fined $686 after being ticketed for harassment of zoo animals.Wander Through Al Roker’s FaceAtkins, IowaAny big Al Roker fans out there? Get to Atkins before the end of the month. The owners of Bloomsbury Farm decided to celebrate the “Today” show weatherman’s 60th birthday by carving his face into a 10-acre maze in a cornfield. The maze, which took six hours to cut, has two miles of open paths for the public to explore through Halloween. The farm owners Dave and Karen Petersen pick a new theme for their maze every year, and this year they told the AP they chose Roker because “he seems like a great guy.”last_img read more

A Step Forward in the Promise of Ultrafast ‘Hyperloops’

first_imgMOAPA, Nev. — Hyperloop technology, which promises to transport people and goods at speeds of up to 600 miles an hour, has long seemed too good to be true. But one company says it has cleared an important step toward commercializing it by moving two of its employees through a test system.Virgin Hyperloop became the first company to conduct a human test of the technology on Sunday at its 500-meter test track in the desert north of Las Vegas. The two volunteers, wearing casual street clothes, were whisked in a pod that was levitated by magnets inside a vacuum tube to 107 m.p.h. in 6.25 seconds.- Advertisement – The ability to move people safely at this stage of the technology’s development is not that important, said the company’s chief executive, Andres de Leon. “We’re testing the program from an engineer’s point of view, not from that of a marketer’s.”In the Netherlands, Hardt, a 35-employee hyperloop company, has built a 30-meter track that lets the company test its levitation, propulsion and lane-switching technologies. The company has teamed up with Schiphol Airport in Amsterdam to research the feasibility of a hyperloop linking major airports in the Netherlands, France, Germany, Belgium and Britain. “This is a step of historical significance,” said Jay Walder, the company’s chief executive, pointing to 20 months of planning. “I don’t think you can overstate it. This is a moonshot moment. I have no doubt this will change the world.”Whether it becomes a giant leap for mankind is still unclear.Virgin’s test might be as symbolically important as it is crucial to the technology’s ultimate success. While the pod traveled at a much slower speed than what proponents of hyperloops claim the technology is capable of, company officials described it as a safety milestone.- Advertisement – Many experts are skeptical that the technology will live up to its grand promises or be economically viable.A truck striking the tube could shut the system down, said Carlo Van de Weijer, the general manager of the Netherlands’ Eindhoven AI Systems Institute. As the system aged, it would require expensive maintenance. Hyperloops also might not be able to transport as many people or goods as its proponents claim because individual pods would need to slow down to enter spur tracks.“Every breakthrough starts with a strange idea,” Dr. Van de Weijer said. “But not every strange idea is a breakthrough.”Like high-speed rail systems, hyperloop companies will have to acquire expensive rights of way, said Juan Matute, deputy director of the Institute of Transportation Studies at the University of California, Los Angeles.The tubes that carry hyperloop pods will need to be very straight for high-speed travel, and turns will have to be very wide. Once routes are set, acquiring every needed parcel of land could become a nightmare. “If a route has been picked, there are no alternatives,” Mr. Matute said. “Airlines do not have this problem.”Still, some government officials and hyperloop entrepreneurs are determined to pursue the technology. Virgin Hyperloop, which has doubled its work force to 300 over the last two years and has raised over $400 million, has selected West Virginia as the site for a certification center and a six-mile test track. The modern hyperloop concept was first described in 2012 by Elon Musk, the top executive of SpaceX and Tesla. He offered up the idea to anybody who wanted to exploit it, and neither he nor his companies are working on hyperloops.Virgin Hyperloop, which counts Richard Branson’s Virgin Group as a minority investor, is one of several companies looking to commercialize the technology, which they hope will eventually move passengers between cities, and cargo to and from ports.If it functions as advertised, travel time could be cut significantly — a trip from Los Angeles to San Francisco could, for example, take less than an hour.Mr. Walder has intimate knowledge of transportation systems, having served as the head of New York’s Metropolitan Transportation Authority and Transport for London. Mr. Walder claimed that hyperloop technology could be the first new mass transit system in a century.“The U.S. Interstate Highway System, which began in 1956, cannot be the end of our imagination in terms of how we move around,” he said. With hyperloop, “we can have a fundamentally different transportation system.”Unlike trains, which run on fixed schedules, hyperloop pods would function more like smart elevators. Artificial intelligence would adjust destinations, the number of pods that travel in a convoy and departure times based on demand. The test also gives a sense of reality to an otherwise abstract sci-fi-like construct. “You can show the most elegant diagram but at the end of the day what is important is, will people ride it? This is an example of a picture worth a thousand words,” Ms. Luchian said. The riders sat in molded seats covered in white vegan leather, housed inside the all-white carbon fiber-clad pod.While the G-forces on the pod were three times that of an airplane, “it was much smoother than I expected,” said Sara Luchian, 37, one of the test riders and the company’s director of passenger experience. And unlike an airplane, there were no lateral forces that would have caused the pod to sway, she said. It has several projects in planning stages: a route between Pune and Mumbai in India; another between Jeddah and Riyadh in Saudi Arabia; and one connecting Chicago, Columbus, Ohio, and Pittsburgh.“We’re highly positive and very intrigued with the possibilities for hyperloop,” said Thea Ewing, a director for the Mid-Ohio Regional Planning Commission.The council estimates that over 30 years, a hyperloop connecting those cities would displace 1.9 billion car and truck trips, reduce carbon emissions by 2.4 million tons and generate $300 billion in economic benefits.Hyperloop Transportation Technologies, a company based in Los Angeles and Dubai, has built a 320-meter test track in Toulouse, France, and is designing a 1,000-meter test track for Abu Dhabi in the United Arab Emirates. It has also formed a partnership with a container operator at the port of Hamburg to design a system to move cargo.center_img “It felt not that much different than accelerating in a sports car,” said Josh Giegel, 35, the company co-founder and the other volunteer rider.- Advertisement – – Advertisement – Hyperloop companies have been encouraged by government findings that the technology is feasible. In 2019, the U.S. Department of Transportation put the Federal Railroad Administration in charge of developing standards and regulations for hyperloops.In Europe, several hyperloop companies have created a technical committee to develop standards, which they hope will be adopted by the European Union.After Mr. Giegel and Ms. Luchian entered the capsule, it was pushed into a decompression chamber to await the creation of a vacuum. At that point, the gate valve opened and the pod entered the tube, ready for the test.Virgin’s successful human tests could give true believers in the technology a psychological boost. The company’s executives believe that the system will be commercialized by the end of the decade. But it’s the movement of cargo that Hardt is developing first. “It’s less risky and it’s easier for stakeholders if we don’t emphasize passengers,” said the company’s chief commercial officer, Mars Geuze. “It’s easier to take the smaller steps.”Two other companies, TransPod in Toronto and Zeleros in Valencia, Spain, are also working to develop hyperloop systems. “This technology could be the transition to the future we all want,” Mr. Giegel said. “Today we went from infancy to adolescence.” “The No. 1 question I get from investors is, ‘Is it safe enough to ride?’” said Mr. Giegel. “We’re everyday people, we’re not astronauts. This shows that it’s safe, and observers can take this back to their investors and interested municipalities.”last_img read more

China says it extends congratulations to Biden

first_imgChina’s foreign ministry said on Friday that it extended congratulations to U.S. President-elect Joe Biden and Vice-President-elect Kamala Harris, who won the Nov. 3 election that President Donald Trump has refused to concede.“We respect the choice of the American people. We extend congratulations to Mr. Biden and Ms. Harris,” foreign ministry spokesman Wang Wenbin said at a regular daily briefing. “We understand the results of the U.S. election will be determined according to U.S. laws and procedures,” he added. – Advertisement – – Advertisement – – Advertisement – Chinese President Xi Jinping (R) shake hands with U.S Vice President Joe Biden (L) inside the Great Hall of the People on December 4, 2013 in Beijing, China.Getty Imageslast_img

Nicolas Pepe says he already has a telepathic understanding with Arsenal star Alexandre Lacazette

first_imgAdvertisement Emery is giving serious consideration to starting Pepe against Liverpool (Picture: Getty)‘For example, in the first match, he played 15 minutes in Newcastle, then he played 45 minutes against Burnley. I think his individual performances are progressively getting better. For Saturday, he is maybe ready to have more minutes.‘I am going to decide [on Friday], but really his progress has been positive and has been good for the team and for him. The most important piece of the adaptation is to help him to feel easy and be comfortable with us.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Comment Advertisement Pepe has quickly struck up a bond with Lacazette on and off the pitch (Picture: Getty)Speaking to BT Sport, he explained: ‘There’s a lot of players who speak French here: Aubameyang and Lacazette who link up well.AdvertisementAdvertisementADVERTISEMENT‘It’s certainly easier for me to play with French-speaking players. On the pitch, you can see that we look for and find each other.‘It will take some time because we don’t know each other yet, but little movements show us we can find one another quickly.‘Based on how it’s been in training with Laca. We’ve been able to find each other with our eyes shut.’More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityPepe came on at half-time against Burnley last time out, playing 45 minutes, and Emery suggested the winger is now ready for more minutes – and therefore a start – at Anfield.‘Now he is three weeks into working here with us. He didn’t do the pre-season here but he’s progressively feeling better,’ the Arsenal boss explained.center_img Metro Sport ReporterFriday 23 Aug 2019 11:30 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link881Shares The Ivory Coast international is getting on the same wavelength as his new teammates (Picture: Getty)Arsenal new boy Nicolas Pepe has revealed that he has already forged an excellent understanding with new teammate Alexandre Lacazette and they can find each other ‘with their eyes shut’.The Ivory Coast international moved to the Emirates in a club-record £72million deal from Lille over the summer, coming off the bench against both Newcastle and Burnley.Manager Unai Emery has hinted that he could start when Arsenal take on Liverpool on Saturday and if he does, he will have no problems clicking with the rest of the team. Nicolas Pepe says he already has a telepathic understanding with Arsenal star Alexandre Lacazettelast_img read more

Enjoy life by the water with this riverfront gem south of Brisbane

first_img37 Copper Drive BethaniaTHIS home could be perfect for anyone that wants the benefits of river living, with the peace and quiet of semi-acreage living.The five-bedroom, three-bathroom home at 37 Copper Drive, Bethania is on the market through Elders Real Estate Shailer Park. The home faces the Logan River, with the pontoon giving easy access to the water.Current owner Greg Green moved to Bethania eight years ago from Newcastle to get closer to the water. It comes with its own private pontoon.The top floor has four more bedrooms, a bathroom and an ensuite in the main bedroom.The 2.3m registered pontoon backs on to a deep river front and is ideal for docking of boats up to 60 foot.The suburb is close to both Brisbane and the Gold Coast via the M1 motorway which is just a few minutes drive from the house. Enough space for dual living.A retired concreter, he believed the large property could be ideal for a tradie, as there was plenty of room on the available land to store excess vehicles and equipment.The house is split over two stories, with the main living area, kitchen, dining room, a bedroom and a deck on the ground floor. Right by the Logan River.“We love it up here,” he said. The home was built back in 1989 on the 2252sq m allotment. For Mr Green and his wife, the appeal of the home was having the Logan River right in his backyard.He invested in a boat and spends his free days going up and down the river in search of adventure.More from newsParks and wildlife the new lust-haves post coronavirus20 hours agoNoosa’s best beachfront penthouse is about to hit the market20 hours ago“The Logan River is a lot quieter than the Brisbane River,” he said. “There is a lot less traffic and it is more reasonably priced.”center_img The deck overlooks the water.After several years living right next to the water, Mr Green and his wife plan to sell up the Bethania home and live for the next few years directly on the water in their houseboat. The home is on the market now through Elders Real Estate Shailer Park. 37 Copper Drive Bethania Floor Plan.last_img read more

European institution tenders $500m corporate loan mandate using IPE-Quest

first_imgAn undisclosed European institutional investor has tendered a $500m (€395m) senior secured corporate loan mandate using IPE-Quest.According to search QN1460, the institution is seeking corporate loan investments in core European economies, the UK and the US.It said the corporate loans should be focused on medium and large companies, with maturities typically lasting 3-7 years.Managers can run the mandate on a discretionary basis, but within some guidelines and respecting its loan eligibility criteria. The investor said it had no current requirements regarding track record, performance, fees or assets under management, either at the firm or fund level.However, managers should have experience investing along its stated criteria and in the geographies stated.Interested parties should respond by 17 October.If you have any questions regarding this search, please email [email protected] Queries will not be accepted after 14 October. For full information, please go to http://www.ipe-quest.com/search.htm.last_img read more

Kobe Bryant fined $100,000 over gay slur in Lakers game

first_img 25 Views   no discussions Share News Kobe Bryant fined $100,000 over gay slur in Lakers game by: – April 14, 2011 Share Tweetcenter_img US basketball player Kobe Bryant has been fined $100,000 (£61,000) for using a homophobic slur during an NBA game on Tuesday.The Los Angeles Lakers star’s outburst was caught on camera as he reacted to being judged to have committed a foul.Bryant is shown apparently mouthing the word “…faggot” after failing to get the referee’s attention.The player has apologised and said his action was out of “frustration in the heat of the game”.“What I said last night should not be taken literally,” said Bryant, who also punched his chair and tossed a towel following referee Bennie Adams’s call.NBA commissioner David Stern said in a statement that Bryant’s comment was “offensive and inexcusable”.“While I’m fully aware that basketball is an emotional game, such a distasteful term should never be tolerated. Accordingly, I have fined Kobe $100,000.”The Human Rights Campaign, a gay civil rights group, said Bryant’s “horribly offensive and distasteful” language “perpetuates a culture of discrimination” and called for a fuller apology.Bryant is one of the highest paid US sportsmen and one of US basketball’s most celebrated stars.BBC News Share Sharing is caring!last_img read more