Saturday, 21st November 2009

 

22 May 2009 - Rich Life

World’s richest in secret meet to discuss philanthropy

Eleven of the world's richest people, including Warren Buffett and Bill Gates, met secretly on May 5 at the private residence of the president of Rockefeller University in New York to discuss the future of philanthropy amid the ongoing global economic crisis, according to a report in The Daily Telegraph, London.

It remains unclear if the participants - also including Oprah Winfrey, Michael Bloomberg and George Soros - considered working together on a charitable basis.

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Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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