As their tax rates plummeted, the total income of the richest 400 Americans skyrocketed. In 1995, the combined income of the richest 400 was just over $6 billion. By 2007, the combined income of the richest 400 was almost $23 billion.
On Saturday, as many as 40,000 Buffett groupies -- many of whom became rich through the firm -- packed into a cavernous stadium in the rural state of Nebraska, listening with rapt attention to the pronouncements of the "Oracle of Omaha."
Private Equity International magazine's proprietary fifth-annual ranking of the largest 300 private equity firms in the world. Below are the top 50 firms from the 2011 PEI 300, which ranks private equity firms around the world by size, using Private Equity International's unique, apples-to-apples methodology.
Following the collapse of housing prices, people have voiced concerns over a looming collapse of higher education tuition. Initial apprehensions were expressed at least as early as 2009 in places like The Economist and
Yale (#1), Harvard (#2), and Stanford (#3) maintained their status as the best of the best in American legal education. Columbia (#4) remained the top law school in New York, followed by NYU (#6). For Chicago, UChicago (#5) kept control of its title as the best law school in the area, while Northwestern (#12) slipped one spot...
Skype can help boost the popularity of Windows-powered devices such as tablet computers, according to Colin Gillis, an analyst with BGC Partners LP in New York. Apple has boosted its share of the global phone market and is the biggest seller of tablets. Last quarter, Apple’s net income surpassed Microsoft’s for the first time...
A growing number of M.B.A. programs are now accepting the Graduate Record Exam, or GRE, for admissions. This new trend gives prospective M.B.A. students more testing options, because almost all M.B.A. programs only accepted the