Word: firm
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Dates: during 1960-1969
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...pattern seems to have developed since 1948, when Cabot became treasurer. Harvard chooses as its treasurer the head of State Street Investment and as its deputy treasurer the next-ranking executive of that firm. So one of the seven voting members of the Corporation is simply a delegate from this Boston investment company...
...Fellow's non-Harvard interests often converge on the same company. Since early in this century the Corporation has retained the Boston firm of Ropes & Gray as the University's legal counsel. During that time at least three Fellows--Thomas Nelson Perkins, Charles A, Coolidge and Francis H. Burr--have been partners in Ropes & Gray. From 1954 to 1965, when Coolidge retired, he and Burr served as Fellows at the same time. Burr also sit on the Board of Directors of State Street Investment Corporation, whose relationship with Harvard's treasure, Gorge Bennett, is discussed below; Bennett, Burr, and Coolidge...
...college charter of 1650 provides that, besides the President and Fellows, the University treasurer shall be a member of the Corporation George Bennett, the current treasurer, is also president of the State Street Investment Corporation. His Predecessor, as treasurer, Paul C. Cabot, was president of that investment firm and now serves a schairman of its board. Bennett served as deputy treasurer of Harvard under Cabot because he was then vice-president of State Street; he was elevated to Harvard's Corporation when Cabot retired from it. The present deputy treasurer is Mayo A. Shattuck, who is also vice-president...
...utility companies in the Deep South. Even if the companies do not discriminate, it might be considered unusual for Harvard's treasurer to invest the University's funds in a corporation which he has served as a director since its founding in 1949 and in which his own investment firm and he personally have financial interest. Middle South might be a profitable investment, but what seems like a possible conflict of interest could in some cases result in imprudent uses of Harvard's money...
...process of decision and consultation and by the overriding determination to act without delay. The President could have chosen to present a course of action to the Faculty and the students with the goal of rallying a broad consensus behind him. Such a course could still have been firm and swift, but it would have been aimed as much at mobilizing the loyalty of, and at preventing a further schism in the community, as at putting an early end to the occupation. This was, after, all neither a problem of the legal authority to make a decision in such...