Word: generality
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Dates: during 1980-1989
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That enthusiasm appears to follow a long periodof student disillusionment with the professionalemployees, particularly General Manager HopeSpruance...
...real reason so many doctors hate Dukakis, or why the state's hospitals are no longer among the world's elite. The long-running history of clashes between Massachusetts and its doctors every so often culminates in litigation. Most recently, the end of the summer found the Attorney General Jim Shannon suing two dozen Springfield obstetricians who were discontinuing their coverage by Blue Shield. Normally providers of Blue Shield are supposed to give Blue Shield one year's notice, and the doctors had simply decided they were unhappy with the coverage. But the state's assertion that the doctors...
...both the Mass. fund and the ITT Corporation, which are limited partners in the bid, have complained that Kohlberg, Kravis, the general partner in the arrangement, is following a hostile takeover strategy, since RJR Nabisco's board of directors has not consented to the plan...
Walter M. Cabot '55, the director of the Harvard Management Corporation, which manages Harvard's $4 billion endowment, said limited partners have little say in these operations because they have limited liability. He said the general partner--in this case Kohlberg, Kravis--has full control over specific investment decisions. He said that limited partners need at least a two-thirds majority to vote that the general partner is not adhering to the original terms of the partnership...
...Limited partnerships] are a legal form ofinvestment in which certain rights of the limitedpartner and the general partner are discussed andagreed upon beforehand and which usually lastabout 10 years," Cabot said. He said Harvardinvestigates the previous actions of generalpartners before investing in arrangements withthem but cannot rule on the firms' actions oncethey are involved in a long-term contract...