Word: actualizations
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Dates: during 1980-1989
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...reality, B.B.R.D. & W. made few actual investments: part of a travel agency here, a piece of a car dealership there. The "business" was little more than a high-stakes chain letter that lasted two or three years: earlier investors were paid dividends out of funds forked over by later ones. Of $1.3 million taken in last June, for instance, $326,000 in "interest" was paid out to earlier investors. But that same month a quarter of a million dollars was siphoned off by Rewald. He used the money to pay for exotic travel, his children's full-time tutor...
...University of Rochester, Paul MacAvoy, 49, a former Yale professor and member of President Ford's Council of Economic Advisers, believes that business-school teaching methods "have lost relevance to the real world." He argues that Harvard's famed case-study approach, in which students examine actual management situations, helped build broad knowledge but little feel for the gritty problems of running a plant. MacAvoy says students too often "get bogged down in the big picture." What is needed, he believes, are not generalists but specialists in fields like capital management. He foresees that as "the hottest topic...
...Actual endorsements will not be made until next week, when all CLAGA members who were present at last night's meeting will vote on which candidates to support. Members who did not attend the first meeting will be able to discuss the candidates, but not vote on the endorsees...
Most intriguing are the limitless possibilities for how the races will be run. Ever since first claiming the Cup, the races have been run solely on the whims of the NYYC, which made up the rules as it went along. The actual races were officiated by an international race committee, but the yacht club had free reign in choosing where and when to hold them and in what kind of boats...
...might not even make a bid. But behind the scenes, the company was working with Investment Banker David Schulte, a Salomon Bros, vice president, on a deal. Schulte helped craft a bid by using a formula that subtracts the price of the warrants ($13) from the stock's actual price on the day of the bidding ($29.50). Using that amount ($16.50) as the base price, Schulte had to figure out how much of a premium Chrysler would have to pay to be sure to get the warrants...