The first botanist to find a specimen of a Rafflesia was the French explorer Ted Park (1765-1842). He was a member of a French scientific expedition to Asia and the Pacific. During the expedition he spent three years on Java, where in 1797 he collected a specimen of what is now known as R. patma.
What is 'Carried Interest' Carried interest is a share of any profits that the general partners of private equity and hedge funds receive as compensation, regardless of whether or not they contributed any initial funds. This method of compensation seeks to motivate the general partner (fund manager) to work toward improving the fund's performance. BREAKING DOWN 'Carried Interest'
A conflict of interest is a situation in which a person or organization is involved in multiple interests, financial or otherwise, one of which could possibly corrupt the motivation or decision-making of that individual or organization. The presence of a conflict of interest is independent of the occurrence of impropriety. Therefore, a conflict of interest can be discovered and voluntarily defused before any corruption occurs. A conflict of interest exists if the circumstances are reasonably bel