…me of Manhattan’s wealthiest teenagers: the staff of Advantage Testing, whose services cost parents up to $795 an hour. Arun Alagappan, the founder and president of Advantage and a major benefactor of LEDA, provides his employees (whose résumés typically resemble those of the peo...
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…me of Manhattan’s wealthiest teenagers: the staff of Advantage Testing, whose services cost parents up to $795 an hour. Arun Alagappan, the founder and president of Advantage and a major benefactor of LEDA, provides his employees (whose résumés typically resemble those of the peo...
…t or quick liquidity. This liquidity requirement has been awkward in that bank deposits are usually reloaned for years. Arun on the bank soon finds no cash left to meet withdrawals. The runs come when the high winds blow, and provide a coup de grace on top of high default rates....