Word: directors
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Dates: during 1900-1909
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Professor Hart's statement that the audit of the Co-operative Society's accounts was established by a student director, backed up by members of the Society, neither refutes nor weakens the contention that the Society has suffered from "unintelligent interference in matters of detail at the hands of the Board of Directors." The question of an audit, like the question of the publication of a detailed annual statement, is a question of public policy, not a question of administrative detail. The present Board of Directors heartily endorses the statement that the members at large can aid the management...
Since the directors of the Harvard Co-operative Society ask for discussion upon their plan of incorporation, a few words may not be out of place from one who has been almost continuously a member since the foundation of the society, was at one time a director, and has paid attention to its affairs for some years...
Another way in which a close corporation might do better than the present elective directorate is by better management of the business. A letter in the CRIMSON from one of the Directors complains of "unintelligent interference in matters of administrative detail at the hands of the Board of Directors." On that point it is time to say a frank word. The Co-operative Society has twice been in danger of collapse, both times because of lack of good business management by the Superintendent. The first time, the Society was carried through by the personal credit of the then president...
Some searching criticism has followed when still another director arises in Wednesday's CRIMSON and says in effect: "Hold, hold. These whom you criticise are members of the Faculty endorsed by the President and Fellows. How could you get a more perfect set of men or a better plan?" Now it is submitted that because the Corporation considers a man fit to instruct in Engineering or even to be in the English department it does not thereby recommend him as an expert in seismology or for president of the steel trust or even as an average acute business...
...Another director in urging support of the plan says that promises have been made to employes of the Society. It's true that the waiters of Memorial and the clerks of the Co-operative sometimes act as though they were the real rulers of the University, but that's no sign that we will support directors who allow that condition to arise. Finally, he urges that a corporation should be formed because the Society often buys "for cash and on thirty days" and therefore large bills are frequently due. Perhaps he is not aware that out in the real business...