CAMBRIDGE, Mass. ( TheStreet) -- Executives of Goldman Sachs (GS), BP (BP), the former financial powerhouse Lehman Brothers, Merril Lynch (BAC), Magnetar Capital and AIG (AIG) were lauded Thursday night at Harvard University by a who's who of the world's top academics and several Nobel Prize recipients.
A sold-out theater in Cambridge, Mass., was the setting for the "20th first annual" Ig Nobel Awards, an off-kilter event that has become a must for academics from across the globe and the geeks who love them.
The annual Economics Prize was awarded to the above-mentioned Wall Street executives and directors for "creating and promoting new ways to invest money -- ways that maximize financial gain and minimize financial risk for the world economy, or for a portion thereof."
|Nobel laureates Roy Glauber, Sheldon Glashow and James Muller demonstrate the "Emergency Bra" during the Ig Nobel Awards ceremony Thursday at Harvard University in Cambridge, Mass.|
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