Word: goode
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Dates: during 1970-1979
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Stevens agrees that HMC's set-up helps keep talented managers. But, he says, "There's a possible disadvantage in not having the flexibility to decide that someone--no matter how much time they're spending--isn't doing a good job. It's a different kind of decision to say to someone, 'We don't like you and we're going to fire you,' than to tell a company, 'We're going to move to a different company...
...reason Harvard can attract the kind of huge gifts it is counting on during its five-year, $250 million Harvard Campaign is its "good aura of investment management," Putnam says. "Alumni will only give when they think their money will be managed well--people will set up trust funds for Yale," putting a gift in a private manager's hands and sending Yale the interest, he says. But he adds that Yale's "aura" is worse than it deserves...
...though it remains prudent compared to most private investors--Harvard is buying more stocks. "We think stocks got over-valued from 1950 to 1972, and now there's a pendulum swing the other way," Putnam says. "We're taking this as a long-term opportunity to get some damn good stocks cheap," Cabot says...
...going to be a very difficult decision to deal with," William J. Curran, Lee Professor of Legal Medicine, said yesterday. "It's a good basic legal principle to be able to refuse treatment. But this is not always in the best interest of the patient. They are making rulings that seem to be helping the rights of people, but don't seem to be helping their welfare," he added...
...fitting way to end a good season," Vitale noted, adding that Felske "deserves a lot more credit than he gets for the team's success. He's really been great...