Word: hdns
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Dates: during 1980-1980
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Meanwhile--unknown to angry subscribers--HDNS and the newspapers' wholesalers were trying to settle questions of thousands of dollars...
Archie C. Epps III, dean of students--who calls himself Harvard's "official responsible for the service" even though HDNS and Harvard have no legal relationship--admitted that HDNS's manager until January 1980, Martin Olive '78-4, left the news service with almost $10,000 in bad debts and more than $14,500 in unaccounted-for check stubs...
Although Mitchell W. Smith '82 assumed HDNS's managerial position in early February, Epps said that he and Smith did not fully piece together the news service's financial record--which were left by Olive in what Epps calls "complete disorganization"--for well over two and a half months...
...bills had fallen due far before that mid-April point; News Distributors, Inc.--the wholesaler that sells the Times to HDNS--was demanding payment on the largest, a $7444.62 bill in early March, while the Boston Globe looked for HDNS to come up with $2000 to $3000 to take care of another outstanding debt...
Interested in keeping service running as smoothly as possible--after a very bumpy fall, epitomized by highly erratic delivery--Epps decided to bail HDNS out by co-signing with Smith for $14,000 in loans from Cambridge Trust Company and by allocating $2000 from a "discretionary fund" available to him as dean...