Word: cooped
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...Your Coop rebate could be bigger this year...
...rebate could go any lower. Last year, the Coop hit rock bottom. Coop President Jeremiah P. Murphy '73, just six months into his tenure in the Coop after a successful career at Nieman Marcus in Dallas, announced an annual rebate to members of 1.1 percent of their total purposes--the lowest since records have been kept...
Lost in the popular outrage over the low payback rate was much of the work Murphy did during the past year to change the way the Coop does business. Murphy's reforms could have their first important impact when the 1993 rebate is announced later this month...
Murphy responded in two ways. First, he cut prices on music goods in an attempt to get sales volume up. Then, he began looking for other sources of revenue for the Coop...
According to Mara, some of the money owed to the Business School is held by companies in which the University has investments. Philip Morris, for example, owes the school a $150 dividend check. In addition, IBM appears to owe the Harvard Coop some investment-related money, Mara says...