Word: funding
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...investment philosophy have grown relatively quiet and Bennett--like his predecessor Cabot--has been an extremely successful Treasurer. Taking his role as trustee of Harvard's 300-year-old endowment seriously--"I've got to produce or they'll get a new Treasurer"--he has helped spiral the fund to four times what it was just 20 years ago. Much of the increase was caused by a rising stock market that most sharply raises the value of the 60 per cent of the billion now invested in common stock...
...more common stock, Bennett said, until it reaches that "practical limitation--the point beyond which you wouldn't want all your money" in the always slightly risky world of the market. Daily, or even yearly, shifts in the market don't really concern Harvard, he said, because an investment fund is set up so as not to succeed or fail on the strength of day to day market fluctuations -- Harvard, says Bennett, doesn't bother with "interim moves...
Bennett is an investor; he doesn't see the Harvard fund as different from the John Hancock Mutual Fund in terms of how it should be handled. His job is "to invest and reinvest the billion to provide the largest possible income." If his investments go the least bit sour, the pinch may be felt from Wigglesworth to Mallinckrodt. There's a hot line on George Bennett's desk--it goes directly to Cambridge. But some critics, with memories of the Middle South controversy, think a wall of dollars has sprung up somewhere in between
...theaters are named for two Los Angeles bankers who contributed $1,500,000 each to Mrs. Chandler's fund drive. The three-building complex cost only $34 million, much less than half the $91 million that New Yorkers paid for their four-theater Lincoln Center. Another individual who eased the cost was Architect Welton Becket, who contributed over a million dollars in services...
...home. The freeze and squeeze have been worth it." The trade deficit, reported the Chancellor, dropped from $126 million a month in 1964 to $32.2 million a month last year, as exports rose 14%. Britain's baiance-of-payments deficit eased from $974 million to $529 million as funds flowed in. As a result, Britain will be able to pay off debts amounting to $896 million that it owes the International Monetary Fund and foreign banks-probably before the December due date. Even more important, said the Chancellor, the pound has been restrengthened. As a result of Callaghan...