Word: griswold
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...investor usually bought the wrong stock, should have help in investing. At first the financial world laughed at him for his radical new ideas: the redemption feature of the fund and the disclosure of portfolio. He bowed out of M.I.T. six months later, and in came Boston Banker Merrill Griswold, an early buyer of M.I.T. shares who became M.I.T.'s first chairman...
Robinson walked into M.I.T.'s offices and suggested that Griswold and the trustees needed a research staff to back up their own investment judgment. He had the right background. True, he had been born in Seattle, but only by a quirk of fate (his engineer father had taken his family there while working on a construction job). He was indisputably a Boston product. He had gone to Noble & Greenough and Harvard (1920), taken a dutiful fling at engineering, gone back to Harvard Business School to study finance, put in his time in a Boston investment banking house. The trustees...
...Shares. Easygoing, brilliant Merrill Griswold and sober, diligent Dwight Robinson made a crack team. With his flair for drama, Griswold pulled Massachusetts Investors Trust through a major test in 1932. Despite the fund's respectable performance in the crash, the idea persisted that it could not handle a run on its shares. When a Boston bank was forced to cash in 40,000 M.I.T. shares held as collateral, it called up Griswold, advised him that it would deliver the blow gently by selling over a period of several weeks. Snapped Griswold: "Send them in this afternoon." M.I.T. redeemed...
...Yale's President A. Whitney Griswold struggled to patch up relations between his students and New Haven cops-askew after last month's snowball-and-night-stick war (TIME, March 30)-an old grad unkindly recalled some carefree words addressed to a student mob in 1951, less than a year after Griswold had taken office. Said the president, in the green days of administrative youth: "I love a riot . . . I loved them when I was an undergraduate . . . I can yield to no one the record of smashed light bulbs...
...higher intelligence groups, I feel." Alumni were telling each other that the St. Patrick's hoo-ha did not measure up to the 1919 battle between college boys and parading veterans of World War I. Students were not even very mad at their prexy any longer; Whitney Griswold, who promised to kick out students for any more bad behavior, finally admitted that both sides had cause for grievance, and said he would confer with Mayor Lee. For a fillip, the university prepared this week to play host to a long-planned conference of campus police from 18 Eastern colleges...