Word: fox
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Dates: during 1980-1989
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...million dollars was invested along with Harvard's other endowment monies in a mutual fund. Committee Chair John B. Fox Jr., administrative dean for the graduate school of arts and sciences, says the criteria for doling out the funding was set by "a carefully calculuated formula" determined by faculty, administrators and financial personnel. Between four and five percent of an endowment's income is made available for distribution, and then is reinvested back into the original capital fund...
...Fox says that this fund could not be invested any differently than Harvard's other endowment funds. "You can't pick and choose between claimants" who say they are deserving of a little more than other investors, he adds. "You can make that argument about anything with equal force...
...Fox also says that it was erroneous to believe that the endowment money was intended to facilitate new groups receiving university funding...
...prospect of increased profits from his London papers comes at a critical time for Murdoch. Last year he doubled the size of his empire by buying seven Metromedia television stations ($2 billion), 20th Century-Fox ($575 million) and a stable of business magazines from Ziff-Davis ($350 million). To finance his purchases, Murdoch has borrowed about $480 million from banks and issued shares in Fox Television Stations, the first time stock in a Murdoch-controlled enterprise has been offered to the U.S. public. Despite Murdoch's heavy financial obligations, analysts who have followed his fortunes over the years trust...
...colloquium was a great success, and we thank you for covering what was indeed an important event for the Harvard community. Bryan R. Washington W.E.B. DuBois Graduate Society Ellen L. Fox Student Affairs Officer Graduate School of Arts and Sciences