For its 25th reunion last year, the members of Harvard Business School’s class of 1986 were asked to fill out an 85 question survey to give their former classmates a picture of where life has taken them since the gang parted ways. In addition to standard queries like “how much money are you making” (median annual net income: $350,000, median personal net worth: $6 million), “did you start a business” (36 percent said yes), “was choosing to attend Harvard Business School the best decision you’ve ever made” (48 percent responded that it was “one of the best decisions of my life,” 1 percent boldly claimed “it was not a particularly productive use of my time or money”), and how many times have you been laid-off and/or fired (4 percent have been “involuntarily dismissed” three times, 13 percent twice, and 47 percent once) the questionnaire writers dug quite a bit deeper to find out that: Read more »
What Percentage Of Harvard Business School’s Class Of 1986 Is Lying About How Much Weight They’ve Gained?By Bess Levin
John Paulson’s annual midyear investor event, held on June 7-8 in Paris, featured notable speakers, workshops on the firm’s major strategies and a dinner cruise on the Seine. Unlike the firm’s recent soiree in Las Vegas, which was held solely for investors in his advantage funds, this event was open to anyone invested in the $37.5 billion firm. [AR]
MIT Will Not Be The Only Business School With A Cringe-Worthy Take Off Of “I’m On A Boat” To Speak OfBy Bess Levin
Chicago Booth now has one too.
Earlier: “I’m At MIT Sloan, Racking Up The Mother F*cking Student Loans”
Every so often we like to check in and see how the victims of the greatest Ponzi scheme of all time are coping in the aftermath. Bernie’s doing great, making friends and earning the respect of his fellow criminals on the cell block. Ruth is house hunting. Mark is being a dick on Nantucket. Kevin Bacon is hurting, but will likely dance again one day soon. And how ’bout those Noels? Walter, Monica and the five girls, all of whom were pretty negatively affected by the scam, owing to the fact that 4/5 of their husbands went to work for daddy, so when the bitch went down it went down hard. Are they hiding out in some undisclosed southern Connecticut bunker? Are they sitting around a 1-bedroom apartment over a pizza place they all moved into cursing the day Bernie Madoff came into their lives? Are they filling out applications at Beamers? No! They’re partaying on a yacht. Vicky Ward reports that Andrés Piedrahita, husband of Corina, and the FFG exec responsible for bringing in all that sweet Colombian cash recently bought himself a boat and has never been better.
Look no further than the website of luxury yacht sellers Camper and Nicholsons to see pictures of “Oxygen” the new €22,000,000.00 custom-made boat that Piedrahita, took possession of in June. He is now cruising the Adriatic with wife Corina Noel and their children. I am told he has plans to cruise around the Dalmatian coast and Corfu.