New division to roll out magazines, social networking sites, events for alumni of all eight Ivy League universities.
Things are a little lumpy at Lazard, the swish bank run by Bruce Wasserstein. The firm, which is known for its super-polished M&A business and recently handled the acquisition of Bear Stearns by JPMorgan, posted a 71 percent decline in profits in the first-quarter, according to the Wall Street Journal. This news comes three months after Wasserstein dismissed concerns that Lazard would fall victim to the credit crunch, saying that the company was “not in the subprime business.”
hen Vogue premiered its April issue, the Annie Leibovitz photo gracing the cover immediately inflamed racial sensibilities. The photo features LeBron James and supermodel Giselle Bundchen posed in a clear homage to a xenophobic WWI army recruitment poster. Liebovitz apparently failed to explain the reference to Vogue.
Albert Cohen, a professor of sociology who spent 25 years teaching courses on criminal behavior, told a Boston judge at a sentencing hearing last week that he can still make ends meet, despite being ripped off by a former financial adviser. According to The Boston Globe, John Baldo spent most of the $1.6 million he stole from the 89-year-old on Las Vegas strippers.
D.A. Wallach and Maxwell Drummey started playing music together as freshman in the basement of a Harvard dorm. Now, the duo has graduated, and everyone from Kanye West to Italian Vogue is all ears.
WSBT News asks, "The biggest mystery about Sierra's forthcoming 'The Bourne Conspiracy' game: Why doesn't Jason Bourne look anything like Matt Damon?" Apparently, the answer to that question has a lot to do with the actor's personal taste in video games.
The New York Observer reports on Michelle Obama's "long, impassioned" speech last night, in which she tried to shake the elitist label applied to her husband and herself.
NBC Universal President Jeff Zucker attended a news conference yesterday where New York Attorney General Andrew Cuomo announced his intention to crackdown on film piracy. The proposed Piracy Protection Act would punish first-time offenders with up to a year in jail and a fine of as much as $1,000, reports the L.A. Times.
A run-down of the Harvardians who made headlines this week.
With a new pen commemorating a founding father, Montblanc revives the lost art of writing.
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