Word: found
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Dates: during 1940-1949
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...weeks passed, however, Wellesley's summer staff found that its new president needed few directions. One room of the big office suite, she learned, was for receiving visitors. The other, with its high ceiling and ornate desk, was for working...
...with the money problem ("Of course, I didn't like correcting papers either"). But last week, there were too many other things to think about. For one, there was the big tea for parents-the first time she had been hostess to so many people. She had already found out one thing about the job of an unmarried (and so far unattached) woman executive: "I am not only the president, but the president's wife as well...
...thing she was in for: raising money (Wellesley was after $7½ million, Barnard $5,000,000, Smith $7,000,000). She would find little comfort in the fact that all her fund-raisers are women. What U.S. women need, former President Horton had found, is a "psychological catching-up" about money. "They are too used to writing out household checks-for $10 or $20. The trouble is that you can't run a college on household checks...
Other presidents have found that the nation's alumnae could better use a whole re-education in the matter. To Lynn White of Mills, the big obstacle was that women outlive their husbands. Then they give away their money to their husbands' alma maters. "I go around the country advising women to predecease their husbands," says Mills's president. "We'd do better...
...Hollywood's mind. Moviedom's tax-bitten stars thought they had found a sure-or almost sure-way out of their troubles in the high tax brackets. If they struck oil, they could deduct 50% to 75% of the drilling expenses from their income, and later deduct 27½% of their annual gross from the well, as "depletion." Moreover, they could sell the well later and pay only a long-term capital gains (25%) tax on the profit. If the well was dry, they could write off the whole cost as a loss, thus cut down taxable income...