Word: butler
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Dates: during 1980-1989
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Often the cash vanishes from vaults only to reappear in the wallets of executives, who use it for personal pleasure. After Bell Savings and Loan of San Mateo, Calif., failed in 1985 with losses totaling $495 million, authorities found that Partner David Butler had used corporate funds to buy expensive racing airplanes for his exclusive use. Butler pleaded guilty to two felony counts and is awaiting sentencing. In the ongoing investigation of the failure of Texas-based Vernon Savings and Loan, in which regulators charge that top officials have looted the S and L for their own gain, former Senior...
...alma mater). Jesse Jackson stumped up a storm as speaker at his alma mater, North Carolina A. & T., then beamed as Sons Jesse Jr. and Jonathan received their sheepskins. And at Benedictine College in Atchison, Kans., the day's loudest cheer went up for Dan Butler, 70. Butler had quit Benedictine in 1940, raised eight kids, then dropped back in two years ago as a full-time student who insisted on moving right into a campus dorm. "I'm used to being around children," explained the spry widower, "and I would have been lonely otherwise...
After the Board agreed to these recommendations in April, Butler said that he would accept nominations for the joint committee; although the Executive Committee--chaired by Butler--retained ultimate decision-making authority. The three petition candidates nominated each other and Overseer Gerald E. Thomas '51, a visiting scholar in the Southern Africa department at Yale University...
...committee--chosen at the beginning of May--does not include any of the four, prompting the petition candidates to charge that the Executive Committee was not receptive to their suggestions. Butler responded by saying he did not think the petition candidates--or Thomas, who favors divestment--were in a position to take a fresh look at the issue...
...question of divestment, the five overseers on the joint committee--who will be joined by three Corporation members--roughly break down to two in favor of divestment, and three opposed, according to Butler. The Corporation members all oppose divestment...