“there might be a more legitimate reason why many wealth managers steer clear of Norway” -- David Bain
Sunday, 22nd November 2009
Trustees of the financially stricken Museum of Contemporary Art have accepted a rescue package from billionaire Eli Broad worth up to $30m (€21.4m), according to a report in Associated Press.
The Eli and Edythe Broad Foundation has pledged to match donations to the museum's endowment up to $15m and to donate $15m over five years towards exhibitions, museum officials said on Tuesday.
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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