Part two was that they had to design a new product service that Merrill Lynch never offered before.
其次是他们要设计一种,美林未推出的新产品。
Yale also has an art collection, which is worth many billions, but we don't count that as part of the endowment because they will never sell it so it doesn't provide income for us.
耶鲁还有一些艺术藏品,价值好几亿美元,但我们并不把它作为基金的一部分,因为学校不会卖掉它们,所以它不会为学校提供任何收入
We gave shares to almost all of our employees as part of their compensation and we hoped that would motivate them and make them feel a part of the company but we never paid them a dividend.
我们几乎将所有股票都发给了员工,作为他们的薪酬,希望能这样激励他们,让他们感到,自己是公司的一份子,但是我们从不发放股利
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