Word: investers
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...often alleged, for example, that were the university to intervene economically in outside political causes, it would abuse its prerogatives as an educational institution, and risk forfeiting its tax exemptions Or, it is urged that the university is legally liable to its financial supporters if it does not invest with exclusive return for maximizing economic return and capital safety. (These are but two objections drawn from a crowded field. The two problems presented here and the legal counters to them are drawn from a painfully fair book. The Ethical Investor, just published by three Yale professors. Their conclusion is that...
Before these revolutions, Portugal used to be very jealous about foreign investment. They wouldn't let foreigners invest in Angola. Mozambique or Guinea Bisseau. They were particularly afraid of South Africans taking over. But as these revolutions have progressed, the Portuguese have discovered that they need help; that they can't do it alone. So now you have West German, French, British, American, and South African capital involved in building the Cabora Bassa dam. They have conceived Cabora Bassa as the largest hydroelectric dam in Africa, larger than the Aswan high dam in Egypt. And they plan to settle...
Such revelations raise a number of interesting questions concerning the way budget and investment decisions are made at Harvard. Decisions of crucial importance--how much of the annual income should be directly re-invested, how and where Harvard should invest, and what priorities within the budget should be--are handed down by a few administrators over whom none of us have any control. Even the Harvard faculty, to say nothing of students, cannot see the full budget of the University, with detailed break-downs and itemization...
Taking Stock. Dollars are distrusted because foreigners already have so many that they cannot use. Foreign central banks have more than $50 billion in dollar holdings-money that the U.S. poured abroad in past years to invest in European companies, to finance the Viet Nam War and to extend foreign aid. Since the U.S. stopped selling gold for dollars last August, the banks cannot do much more than sit on their inconvertible dollars. They cannot be used to repay loans from the International Monetary Fund, such as a $1 billion British debt that falls due in June, because...
...advice of friends and family, she decided that she wanted nothing of the kind. Instead she joined Ford Motor Co., impressed superiors with her computer skills, and is now a highly paid systems specialist. On the other hand, it is true that relatively few women have been willing to invest the grinding extra hours and display the single-minded determination necessary to make it to the top in much of U.S. business. "Women tend to see a job as a 9 to 5 thing," admits Mrs. Jane Gould, Barnard College's placement director. "We've got to toughen...