Excerpts: IT Guru John Donovan Sentenced To Clean Up Horse Trails Convicted last summer of faking his own shooting, former MIT professor and well-known IT guru John Donovan Sr. was sentenced this week to clean up horse trails that may include some of his own property, according to a Boston newspaper report Wednesday. A spokesman […]
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Lehman Brothers: Introduction to Bond Math A bond is a debt instrument that allows issuers to finance capital needs. It obligates the issuer to pay to the bondholder the principal plus interest. A buyer of the bond is the lender or investor A seller of the bond is the borrower or issuer. When an investor
Excerpts: IT Guru John Donovan Found Guilty of Faking His Own Shooting Former MIT professor John Donovan Sr., an entrepreneur who started several high-tech companies and authored several books on IT, has been found guilty of faking his own shooting. A Massachusetts judge, however, ignored a plea by prosecutors that he be sentenced to jail.
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Excerpt: Son of MIT professor says his father tried to ruin him John J. Donovan Sr., a former MIT professor, is on trial on charges he faked a shooting in 2005 to gain the upper hand in a battle over family trust funds that could be worth hundreds of millions of dollars. Prosecutors said he
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Excerpts: John Edwards Scoops Up Leo Hindery This is interesting news. John Edwards has appointed cables sports industry giant Leo Hindery to serve as Senior Economic Advisor on his campaign. Hindery’s book It Takes a CEO: It’s Time to Lead with Integrity and his interesting recent report on the American economy under the auspices of
Excerpts: Baronoff v. Kean Dev. Co Steven Baronoff and Mindy Baronoff, petitioners v. Kean Development Company, Inc. and American Arbitration Association, respondents On June 11, 2004, petitioners entered into a construction management agreement with respondent Kean Development Company, Inc., in which Kean agreed to manage and direct the renovation of petitioners’ residence in Lloyd Harbor.
Excerpts: Private equity buys TXU in record deal Texas power company TXU Corp. TXU.N said on Monday it agreed to be acquired by a group led by private equity firms Kohlberg Kravis Roberts & Co. and Texas Pacific Group for $31.8 billion in the largest leveraged buyout in history. The previous leveraged buyout record was
Excerpt: Morgan Stanley Real Estate Raises $1.75 Billion for Fifth MSREF U.S. Fund Morgan Stanley Real Estate announced today that it has successfully concluded fundraising for Morgan Stanley Real Estate Fund (MSREF) V U.S. with $1.75 billion of equity commitments. MSREF V U.S. has already committed approximately 60% of its capital to these types of
Excerpts: Lehman Brothers: Can Convexity Be Exploited? Many investors believe that convexity is a desirable portfolio attribute. Whether the market moves up or down, high-convexity portfolios will always outperform low-convexity portfolios of equal duration and yield. It can be demonstrated mathematically that if we simply model the possible changes to the yield curve as the
Excerpts: Professor Donovan’s Magnificent Entanglements When the news began to circulate in early May that prosecutors had accused John Donovan Sr., the brilliant, fantastically wealthy entrepreneur and one-time MIT professor, of orchestrating his own shooting and then falsely reporting the episode as an attempted murder, the wonder, to the cluster of academics and executives stuck
