Word: board
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Dates: during 1970-1979
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Like the Harvard Corporation, the Radcliffe Board of Trustees is a financially independent, self-perpetuating group of people charged with the care of the institution it takes its name from. But where the Corporation is "the oldest ruling oligarchy in America," in the words of one Radcliffe administrator, the Trustees are a more diverse group with a higher public profile and a better public image...
...Since (Federal Reserve Board chairman) Paul Volcker told us all that we'd have to reduce our standard of living, we're only giving out one piece of candy this year," Galbraith explained. "With Kennedy, though, we'll be back to two," he added...
There's a conference room on the sixth floor at 70 Federal Street in the heart of Boston's financial district where a dozen investment specialists gather at 10:45 every morning. It looks just like those corporate board-rooms you've seen in countless movies, except the rectangular table isn't as big as you remember, the chairs aren't as tall...
...Board volume was lower than usuual--22 million shares--but Storer called that a coincidence. "The stocks they were talking about didn't seem to do anything dramatic. I checked a few of them, and General Electric, for example, was unchanged," Storer said...
...I.O.S. board fired Cornfeld as chair man and called in New Jersey Financier Robert Vesco, who returned the favor by milking the funds of an estimated $227 million. He absconded in 1972 to Costa Rica and later the Bahamas. Angered at the way the I.O.S. shambles had be smirched their reputation for financial probity, the Swiss seized Cornfeld when he returned to the country in 1973 and held him for eleven months while they tried to assemble a case...