Word: factly
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Dates: during 1960-1969
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Lunn, a member of the M.I.T. corporation, and Livernash are both long-time members of the five-man Authority. They came under fire for their university connections and for the fact that neither lives in an area affected by urban renewal. "One represents Harvard and the other M.I.T.," said Councillor Alfred E. Vellucci...
Although the bid for a "Coop Coup" fell short because it failed to draw a quorum of current Coop members to the annual meeting on October 23, the fact that a thousand members turned out to vote has had a positive effect on the directors. Milton P. Brown '40, Lincoln Filene Professor of Retailing and current Coop president, sees a definite cause-and-effect relationship between the "yeasting" the took place last fall and the new awareness of the board...
...midst of that process right now. I can't really say how long it will take. We ought to take all the time we need to look at the whole structure of the Coop, but there is not reason for us to drag our feet. In fact, if we had wanted to change by-laws to prevent another situation like last fall, we could have pushed that through right away...
...slate. Thus, one and one quarter per cent of the total membership can elect a board of directors, whose policy decisions will affect the entire membership. Brown has said he knows of no other corporation where such small percentage of the members can dictate to the majority. In fact, several years ago the stockholders made it even easier to achieve a quorum by reducing the fraction from ten per cent to five...
...election of the stockholders' slate. No quorum, no meeting. At this point, however, a number of people raised some serious and embarrassing questions about the Coop's method of calculating a quorum. For instance, one student pointed out that the Coop listed 2008 Law School members, while, in fact, there are only 1699 enrolled in the entire Law School. Brown, at the time, admitted that there might have been a few mistakes, but maintained that they would not affect the conclusion that a quorum had not attended the meeting. He promised to make sure that the Coop's records receive...