Word: ecksteins
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...Otto Eckstein, Warburg Professor of Economics and president of Data Resources Inc. (DRI), a prominent economic forecasting firm, announced this weekend that McGraw-Hill Inc. had agreed to buy the company for $103 million...
McGraw-Hill said they would purchase 45 per cent of DRI stock from Eckstein and other major shareholders at $50 a share, and agreed to offer the same price to stockholders for the rest of the shares during the rest of this month...
...Eckstein said the timing of the vice presidents' resignations while he was visiting Japan with several other Harvard professors was odd. "It was all done very strangely," he said...
...Eckstein said none of the departing officers are irreplaceable. "The people who left had very little to do with the real business of DRI, which is econometrics--they were all in sales...
...Eckstein teaches Economics 10, "Principles of Economics," and served on the Council of Economic Advisers under President Lyndon B. Johnson...