Word: annually
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Dates: during 1960-1969
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Academe's massive fund drives no longer aim exclusively at new buildings and expanded facilities. Since the bigger need now is to meet annual operating costs, mainly in teachers' salaries, there is a new emphasis at many universities on setting up endowed chairs. At the same time, sophisticated benefactors have found that giving their names to a professorship is more satisfying than simply seeing them carved on the donor's plaque of a new building...
...oldest (21 years) and by far the largest (annual billings: close to $5,000,000) firm in the trade, Boyden Associates is no body-snatching agency dealing in everything from young business-school grads on the make or passed-over veterans. It concentrates on turning up what Boyden calls "the most complicated product there is-men to run large corporations...
...midst of an otherwise dull mar ket, the New York Stock Exchange last week established an interesting new record. The exchange traded its 1,899,495,015th share of stock this year, exceeding the record for annual turnover that had been set only last year. Nobody in Wall Street knew for certain what the final quarter of the year would bring, but if activity continues at the pace of the first nine months, about 2.5 billion shares should change hands before the year ends...
Boyden got his first broad look at the management market in 1941, when he left a 16-year career as Montgomery Ward's personnel director to join Booz, Allen & Hamilton, one of the nation's biggest management-consulting firms (annual billings: $40 million including scientific, technical and design services). There Boyden soon learned that top men were hard to find in the war-thinned ranks of many corporations. The market for a recruiter of talented executives seemed limitless, so in 1946 Boyden set up his own shop...
...during an after-lunch ten-mile walk-and-talk session. Out of this unorthodox exercise of brains and brawn has evolved an impressive track record in business. Since they took over Monogram six years ago, the two have sent sales hurtling from $6,000,000 to a current annual rate of more than $100 million. Three years ago, Monogram stock was selling at $4 a share...