Word: client
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Dates: during 1980-1989
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JUST ANOTHER CLIENT...
...Wall Street securities firms HMC deals with, Harvard is "just another client," on par with other multi-billion dollar fund managers, such as Putnam Mutual Fund in Boston which handles $25 billion...
...also calls on Wall Street when Harvard needs to make its own contribution to the market. The University issues bonds to pay for renovation costs and hires brokers to act as intermediaries in selling the bonds. "In that case they're a client of ours," says Cabot. "If IBM wanted to go out and sell stock, they would have to go to one of these firms. We act like they do in selling debt...
While fighting off lawsuits from the outside, accountants are also facing increasingly intense competition within their industry. Reason: merger mania has shrunk the pool of potential clients for major accounting firms. As a result, the genteel rules that once governed C.P.A. competition have gone by the boards. Says Jerome Lipman, head of his own Chicago accounting firm: "In the past, the theory was that if you had your green eyeshade on and worked at your desk, you'd get more business. That's not true anymore. You have to aggressively go after it now." Client stealing has become more common...
Although Gaddafi's Green Book describes the U.S. and the Soviet Union as equally egregious imperialists, Gaddafi has made Libya into a Soviet military client, albeit one that even the Kremlin has trouble controlling. The Soviets are his principal supplier of weaponry, and he had purchased more than $12 billion worth of Soviet hardware by the early 1980s. The U.S., he says, is the "devil," the Soviets are a "friend...