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Ivy League Pay Soars, Taking Cue From Corporate America

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Presidential pay at elite universities is increasingly resembling that of corporate America, with performance bonuses and exit packages.

KKR Rolls Out Petraeus In $4 Trillion Hunt For Family Wealth

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KKR and its private equity competitors, including Blackstone Group LP and Carlyle Group LP, are increasingly courting family offices, which manage an estimated $4 trillion.

Billionaires' Burgeoning Growth In Wealth To Taper Off

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The rapid rate of wealth creation by billionaire entrepreneurs will probably level off over the next two decades as economic growth slows in emerging markets and governments act against income...

California Dreaming: Record $500 Million Price On L.A. Home

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One of the biggest homes in U.S. history is rising on a Los Angeles hilltop, and the developer hopes to sell it for a record $500 million.

For S&P 500, Expensive Is New Cheap As Bull Market Plods On

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Rarely has it cost so much to purchase low-priced stocks -- only once has the cheapest sector commanded a higher valuation.

Death-Bond Fraud Was Wide Ranging, Alleges Trustee

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A bankrupt seller of life settlements cheated investors by lying about when policies lapsed, charging massive undisclosed fees and deceiving them about its practices in order to dodge securities...

AXA To Divest Holdings In Coal Companies Over Climate Change

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France’s largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor.

Exorbitant Drug Costs Lead California To Cap Copayments

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Covered California, the state’s health insurance exchange, changed the designs of its plans to cap policyholders’ monthly copayments for specialty drugs and help curb costs for consumers.

New York Life Names Blunt To Lead $540 Billion Investments Group

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New York Life Insurance Co., the largest policyholder-owned life insurer in the U.S., named Chris Blunt as head of the investment unit with $540 billion in AUM.

This Hong Kong Exec Made $22B; This Week He Lost Most of It

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Pan Sutong made $22 billion this year and then lost most of it. He says he doesn’t care.

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