He allocated his time accordingly.
Though he declined to give specifics about how he will allocate his time and money, Mr. Khosla said that he would continue to make investments with Kleiner Perkins's new $400 million fund for technology and life sciences start-ups.
Thus, the individual needs to decide how to allocate his available time between legal and illegal activities in order to maximize (12) subject to the time constraints, τ = τ i + τ ℓ, and, τ i ≥ 0,τ ℓ ≥ 0. The Kuhn-Tucker first order conditions are, dU τ i d τ i τ i = 0, dU τ i d τ i ≤ 0, τ i ≥ 0 ; dU τ ℓ d τ ℓ τ i = 0, dU τ ℓ d τ ℓ ≤ 0, τ ℓ ≥ 0. (13).
Mr. Webb acknowledges that his workload is substantial -- in some years, he says, he bills up to 3,000 hours -- but he says he has "the greatest lawyers in the world" working with him, making it easier to allocate his personal time.
Consider a rational individual who, holding leisure constant, optimally decides how to allocate his available time, τ, between legal and illegal activities, denoted as τ ℓ and τ i respectively.
As the criminal wage rate is in general small compared to the legal wage rate for most property crimes, and if we consider that for most people the criminal wage further decreases by psychological costs, the corner solution where someone allocates all his time in legal actions is highly likely.
At Microsoft, he carefully budgeted his time, allocating a set number of annual face-time hours to each senior executive and five speeches per year to software developers.
It wasn't until Mr. Buffett turned 75 that he turned his attention to charity, saying that he was better off spending his time allocating capital at Berkshire Hathaway — where he believed he could create even greater wealth to give away — than he would ever be at devoting his energies toward running a foundation.
After joining more than 10 clubs during his freshman year in high school, Zamarin realized that it would be best for him to focus on a few clubs so that he could allocate more time to his startup business and his academics.
Specifically, I think about how much time my team is allocating its time.
