The idea that an internship can be a mutually beneficial and respectful transaction among equals has therefore become a casualty of the culture that surrounds all undervalued and underpaid work.
The trouble is that Bruce Wasserstein, brought in by Mr David-Weill to run the bank in 2002, seems to have lost control of the transaction among his own colleagues.Three weeks ago Mr Wasserstein was confident that he was on track.
As parents, teachers and students settle into the school year, this work should prompt us to think about intelligence not as a "lump of something that's in our heads," as the psychologist Joshua Aronson puts it, but as "a transaction among people".
And CP Group's reputation as a firm that knows how to navigate China will be dented (it is one of few foreign outfits to have reached the top of an industry in China).Officially, Ping An insists it is above the fray: for it, this matter is merely a market transaction among investors.
Such structure allows to reduce the costs of transaction among the different actors.
This information is very important for estimating the transaction among Japanese subsidiaries in China.
