The short answer: Not much right away, although failing to pay creditors is never a good thing for a nation's creditworthiness
Coca-Cola’s North America president, Sandy Douglas, oversees a relaunch of America’s No. 1 soft drink
Four years after the Citizens United decision, out-of-state cash is flowing down to state races
Phony phone-bill items from third-party scammers date back almost 20 years
Yves Béhar's Public Office Landscape turns the workstation into a social hub
A Bluetooth-enabled sneaker from an India-based startup doubles as a fitness tracker and personal tour guide
Critics say the agency charged with keeping regulations from burdening small companies actually serves big corporate interests
2004-08 Giving* $275 million
The renowned mathematician and hedge fund manager gave $60 million this year to create the Simons Center for Geometry & Physics at State University of New York at Stony Brook, where he had previously taught. It's the largest gift ever to any institution in the state's university system. Last year he gave $10 million to the Mathematical Sciences Research Institute in Berkeley, where Simons serves on the board of directors. His foundation has also given out millions in grants to fund autism research, among other efforts in math and science. And Simons is the founder and chairman of Math for America, a nonprofit organization with a mission to improve math education in public schools.
For more, visit the Simons Foundation topic on Business Exchange.
*Based on public records and interviews with donors
Data: BusinessWeek, The Chronicle of Philanthropy and the Center on Philanthropy at Indiana University