Word: coops
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Dates: during 1960-1969
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Rebate rates from the Harvard Coop may be lower this fall than last due to rising operational costs...
Frank Zavell, acting general manager of the Coop, said, "We have been affected by normal inflationary costs." He attributed the possible rebate cut to increasing taxes, wage rates, and maintenance and repair service costs...
Milton P. Brown '40, president of the Coop and Lincoln Filene Professor of Retailing at the Harvard Business School, predicted the rebate cut last April. He said, "Nobody wants to cut [rebate rates]. But we can't pay what we don't earn...
Brown said, "There are only two ways to keep to Coop profitable enough to continue paying rebates. Either we get the margin [of prices] up or the expenses down. If we get the margin up, people will cut our throats because prices are higher. If we get expenses down, we have to cut services...
October 23: The move to elect an opposition slate to the Coop Board of Directors failed when too few people showed up at the general election meeting. Because only 950 Coop members--500 short of the required quorum--came to the meeting, the stock holder-nominated slate of Direc...from engaging in their duties or pursuing their studies." The House had already approved the bill...