Word: ibm
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Dates: during 1970-1979
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Among the measures that the Trustees voted against was one that would require IBM Corporation to disclose its operations in South Agrica...
...they think aren't needed. The two corporations Harvard holds stock in, (with the number of shares Harvard owns and the date of the annual stockholder meeting where it will have to take a stand on the Church Project resolution), are GENERAL ELECTRIC (225,000 shares; April 25) and IBM (200,000 shares; April 30). The University will most likely support the resolution, since it voted for it last week in a proxy battle over Caterpillar Tractor's activities...
...outside of profit maximization is shrinking. Like a high-speed racing car ignoring the pollutants with which it fouls the air, Harvard will probably continue an investment policy designed to amass capital and provide income without regard for social consequences. Harvard's Top Ten Investments shares market value 1. IBM 194,299 $76,165,208 2. General Reinsurance 81,162 $33,032,934 3. Eastman Kodak 245,564 $32,567,925 4. Texaco 837,139 $27,207,017 5. General Motors 269,257 $20,160,617 6. Exxon 266,956 $19,788,113 7. Ford...
...birthday and discovered a magnificent bouquet of 60 red roses from his staff. "Sixty of them," he said later in admiration. "Do you know how much roses cost?" When one of the helicopter pilots who had helped fly him all over the world retired and took a job with IBM, Nixon's parting words were: "Well, good luck, get a stock option." The President's small coterie of social friends literally numbers a majority of millionaires. Nixon is not in the same financial league as his pals, but certainly by now his private investments...
...bankrolling ventures in cable television, soft-drink bottling and women's overcoats, while Cumberland Associates of Manhattan is investing in real estate and ice cream-making firms. In return for his money, the venture capitalist gets a piece of what he hopes will become the next Xerox or IBM...