Word: austine
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Like Harvard and Money, issued by the University Governance Committee, the report of the Austin Committee recommends an examination of the powers of the Treasurer, the major individual shaper of University investment policy...
...committee-chaired by Robert W. Austin, professor of Business Administration-was formed by Pusey last April in the wake of debates on whether Harvard should vote its 287,000 shares of General Motors stock against the G. M. management in a "proxy fight" to force the Corporation to be more conscious of its social obligations...
...Austin committee urged that Harvard "fundamentally" seek maximum returns from investments unless they are "justifiable on the basis of the University's duty to the more or less immediately surrounding community...
...Austin Committee also called for an examination of the Treasurer's office, currently held by George F. Bennett who serves a dual role as principal financial officer and professional investment manager for the University...
...precise direction of the faculty's research would be up to the discretion of its Dean and membership. The Austin report suggested that the research might lead to programs which could be offered to students for credit...