Word: affected
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Dates: during 1980-1989
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Decisions at Harvard are made by managers with little input from the community they affect and ultimate authority rests in a private and secretive body: the Harvard Corporation. The corporation is comprised of seven affluent white males who, except for the University's President and Treasurer, come to Harvard once every two weeks. These are just the sort of people who own and run companies that operate in South Africa. In fact, two of them, Coleman M. Mockler Jr. '52 and Robert G. Stone Jr. '45, do just that...
Struggling for democratic decision-making within the University can affect important interest group issues like discrimination and minority hiring, but it can also have an impact on the concerns of even the most apolitical undergraduate--basic issues like the academic calendar, the number of shuttle buses and the mandatory full meal plan. Shouldn't the community itself--the students, faculty and staff who live and work at Harvard--make decisions about such things...
...Auditors don't manage companies." To Gladstone and many others in the profession, the kind of foolproof auditing that some critics demand is prohibitively expensive for clients and, at times, beyond the purview of C.P.A.s. Accounting executives contend that corporate auditors must be hypercautious in issuing statements that could affect the survival of individual corporations. Asks a Big Eight C.P.A.: "What company has not gone through a bad patch, yet survived to make profits...
...assets of nearly $200 billion, had endorsed a ringing "Shareholders Bill of Rights," intended as a challenge to every major U.S. corporate boardroom. Among other things, the group of hitherto largely passive investors drawn chiefly from the public sector demanded a new voice in all "fundamental decisions which could affect corporate performance and growth." Predicted Brenda Steinhour, a money- management executive who observed the session: "Proxy power is going to be a major issue in the world of investments...
...importance of such work is already great and promises to grow even greater in the future. If government officials insist on assessing the quality of higher education in ways that will affect the lives of students and the welfare of institutions, it is essential that the means of evaluation be more sophisticated than the standardized tests currently used for these purposes...