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...specific issue of proxy battles, the Austin Committee noted that the University "need not remain passive in the face of substantial evidence that the company is acting in an antisocial way," but warned against joining forces "with other large, tax-exempt organizations in policing the conduct of business corporations...

Author: By Arthur H. Lubow, | Title: Bennett Is Key Figure In Corporation Decision | 5/17/1971 | See Source »

Throughout, the Austin report demonstrated the Committee's reluctance to set guidelines that the Treasurer might find too binding...

Author: By Arthur H. Lubow, | Title: Bennett Is Key Figure In Corporation Decision | 5/17/1971 | See Source »

...Discussing the Austin report's advice, Bennett said, "They recommend that we only consider social investments when they will be equally profitable and yield social benefits as well. I've never seen investments like that...

Author: By Arthur H. Lubow, | Title: Bennett Is Key Figure In Corporation Decision | 5/17/1971 | See Source »

...career. It is the largest and most complete presidential collection ever assembled,* and the library that houses it is on the same scale: a $10 million, eight-story marble vault dominated by a 60-ft. "Great Hall" built on a hill overlooking the University of Texas campus in Austin...

Author: /time Magazine | Title: HISTORICAL NOTES: The L.B.J. Library | 5/17/1971 | See Source »

...ingredients and do-it-yourself potential had great appeal. But macramé has been co-opted, and is being taught in churches and schools all over the country. An Irvine, Calif., country club has just commissioned a $3,000 room divider by Libby Flatus, a leading practitioner. Reports Ernie Austin, who runs a small shop in Manhattan called Macramania: "My customers run from longhairs to squares of all colors, shapes and sizes." A major supplier of macramé material is Pacific Fiber and Rope of Wilmington, Calif. Owner Carl Goldman reports macramé interest is "overwhelming . . . enormous. A year...

Author: /time Magazine | Title: Modern Living: Knotty but Nice | 5/17/1971 | See Source »

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