Word: capitalisme
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Beginning in 1976, HMC entered a high-risk investment area--venture capitalism, so-called because the investor puts up capital to help found extremely speculative business ventures. Because of the risk, the potential rewards are great. Harvard originally invested $20 million, or 1 per cent of the endowment, in venture...
The added income from the fund drive may seem like nothing compared with the University's endowment--which settled at an impressive $1.49 billion by the end of fiscal 1980--but Harvard Management Co. nonetheless kept a look out for ways to beef up Harvard's portfolio. The University's...
In the beginning, there was confusion. The money managers were neophytes in the world of "venture capitalism": the academics had never heard of "technology transfer": and almost no one could pronounce "dioxyribonucleic acid" or say anything substantive about it, Nonetheless, the prospect of garnering desperately needed funds came close last...
I vigorously opposed running the Screw ad. But I also oppose the majority's sweeping and rigidly determinist condemnation of advertising as an outgrowth of capitalism. Of course exploitation of women is to be deplored. Perhaps for porno to be eradicated citizens will have to be taught or forced to...
Arriving in buses from cities across the country, the demonstrators sang, chanted and waved multi-colored banners as they listened to speakers denounce American invetervention abroad and the injustices of capitalism at home.