Word: hhalthiest
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Dates: during 1970-1979
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Putnam and Cabot are concerned that such short-run pressure may actually be harmful in the long run and that therefore, the heavy emphasis on competition among different firms managing the same endowment may not be the hhalthiest policy for the University to follow. The concept of complementary relationships is in its experimental stage--only the Ford Foundation and Harvard, among major endowments, are currently playing with it--but Cabot and Putnam expect it to become more prevalent in the future. The Ford Foundation has studied the new idea carefully and kept records of the methods they have used...
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