Word: growth
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Dates: during 1960-1969
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...become. The myth of the traditional University remains what could be called the Barzun ideology, or the concept of the liberal arts College, or the dream of the temple of learning, disinterested and politically or socially neutral. The reality is of course quite different, as shown by the growth of specialization, research and involvement in public affairs. This discrepancy explains why, in every confrontation, events are actually shaped by the idiosyncracies of the particular University under stress...
...already become apparent that the growth of the Faculty of Arts and Sciences had, by itself, put in question the efficacy of its traditional procedures. The rapid multiplication of new issues -- educational, political, procedural, disciplinary -- raised by the students brought forth a great variety of responses from the Faculty. These responses often created an impression of confusion. They, along with the new issues themselves, strained further the established procedures, as well as the relations between the Faculty and the group of men who came to be called "the Administration." The former may have appeared, in the eyes of the latter...
...rushed to buy shares in the more than 50 chains that have gone public in the past four years. Stock prices have been commonly bid up to 50 or 100 times earnings, which is three to six times more than a blue chip commands in the market. This fevered growth and speculation raises serious questions. How sound are the chains as businesses? How well do they care for the ailing aged...
...million last year. Some chains have ambitious expansion plans. Four Seasons Nursing Centers of America, a 40-home Oklahoma chain that has grossed more than $6,000,000 in fiscal 1968, is negotiating to borrow $45 million to promote a home franchising program. Still other companies have shown enough growth potential to become takeover targets. International Chemical & Nuclear Corp. two weeks ago agreed to buy Monterey Nursing Inns, a 31-home Ohio chain with 1968 revenues of $3,000,000. The price: an estimated $45 million, an astonishing 209 times Monterey's fiscal 1968 earnings...
...chains to follow the lead of Beverly Enterprises, whose President Christensen announced last week that he will open schools to train nursing-home personnel. Such efforts would increase costs, of course, perhaps enough to hasten the shakeout period that in any new business follows the opening era of heady growth. That would be all to the good. Investors as well as prospective patients need to know which of the chains, behind their sparkling fronts, have developed an ability to earn a profit while meeting exacting standards. Meanwhile, those selecting either nursing-home beds or nursing-home stocks must choose with...