Word: controller
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Dates: during 1980-1989
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Walter M. Cabot '55, the director of the Harvard Management Corporation, which manages Harvard's $4 billion endowment, said limited partners have little say in these operations because they have limited liability. He said the general partner--in this case Kohlberg, Kravis--has full control over specific investment decisions. He said that limited partners need at least a two-thirds majority to vote that the general partner is not adhering to the original terms of the partnership...
...Nabisco made such a move when it offered$17 billion for full control of the company lessthan two weeks before Kohlberg, Kravis made itshigher takeover offer. Gallagher added that ITTprobably could not legally withdraw from the deal...
...people tooting about how dance or ballet helps skating, but in a very physical way skating helps dance. An arena is so much bigger than the stage. It gives you a great sense of expansion. Then when you go back to the stage you have an enormous amount of control over the space," Healy says...
...Crimson showed the experience it had gained from previous close losses by hanging tough in the closing minutes of play. Yale's last gasp with three minutes to play, brought about by several poor Harvard passes in its defensive end, fell short when the Crimson finally got control of the ball and forced it out of its end of the field...
...Center for Disease Control in Atlanta estimates that by 1991--the last year of the next president's term--as many as 10 million people in the U.S. will be infected with the AIDS-causing HIV virus. Of those 10 million people, most will eventually develop the disease, according to researchers...