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Last week Walter M. Cabot '55, president of Harvard Management, decided not to allow members of his hand picked professional staff to sit on the board of directors of "any corporation in which there is any possibility that Harvard might invest." This announcement was a long-awaited move to alleviate conflicts of interest in Harvard's financial affairs...
Walter M. Cabot '55, president of the new Harvard Management Co., which will take over $1 billion of Harvard's portfolio on July 1, emphatically stated this week that no employees of his company will sit on "any corporation in which there is any possibility that Harvard might invest...
...funds take initial investments of $5,000, $10,000 or even less, pool them and invest them in "short-term money market instruments"-large-denomination C.D.s, U.S. Treasury bills (which yield 7.6% but usually are available only in blocks of $10,000) and other high-yielding paper. Typically, they prefer maturities on these instruments of less than 45 days. The funds generally charge a fee of .75% to 1% of the investment, but no other commission or sales charge; interest earned is calculated daily and credited to each investor's individual account. An investor can cash in some...
...pronounced sin-cue). He said that Hearst, editor of the San Francisco Examiner and executive-committee chairman of the news-paper-and-magazine chain founded by his father, was "the corporate chairman of a fascist media empire." Furthermore, Mrs. Hearst, a regent of the University of California, had helped invest university funds, he said, "in corporations that have interest and do gain profit from robbery, oppression and genocide." As usual, the S.L.A. statement was filled with far-left jargon and was accompanied by the group's standard demand that its propaganda be printed and broadcast in full by Bay Area...
Landlords frequently argue that rent control leads to substandard housing. If rent control were only repealed, they say, landlords would have more money to invest in their buildings, and housing conditions would obviously improve...