Word: investments
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Dates: during 1970-1979
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...EXISTENCE OF HARVARD'S billion itself destroys the myth of the Ivory Tower. You can't be neutral with $1.2 billion, and, in fact, Harvard's investment policy is filled with establishment presumptions. Would it invest in whorehouses? Or gambling casinos? Many of us on this side of State Street would rather finance our educations with prostitution (sexually unbiased, one had better add) than with napalm, if it came to that: and we would want to pressure a company in Harvard's portfolio to switch from one to the other. Harvard and other universities must justify their privileged positions...
...safety, pollution and minority hiring polled 4.5%. At other annual meetings, managements disposed of such affronts with ease, like Gulf Oil's 98%-to-2% trouncing of a demand for full disclosure of its activities in racially oppressive Portuguese Angola. But later, company officials nevertheless pledged to invest only in countries where Gulf can be an equal-opportunity employer...
Charles Shaeffer, 61, is now the president of T. Rowe Price and owns about 20% of its stock; the rest is owned by other employees. Shaeffer, a gray-haired, athletic man, joined the company shortly after it was formed and still follows its founder's philosophy: invest in a stock for at least three to five years, but only if the company's profits are growing faster than the rate of inflation. Some years back Thomas Rowe Price rather conservatively defined a growth company as one whose earnings and dividends double every ten years. Shaeffer carefully avoids cyclical...
...would face a prohibitive tariff wall if that country, as is now expected, joined the EEC. Irishmen stand to benefit from higher Continental prices for their beef and lamb, and from an influx of industries, mostly American, seeking a European base. More than 200 companies indicated that they would invest in Ireland if the referendum was favorable...
...stage: painters, illustrators, draftsmen. It was, as has often been said, one of the crucial experiences in American culture, and in their work one sees the ideal of Arcadia being identified with an actual landscape. The West was not only a place but a state of imagination, which could invest almost any tract of virgin country between the Appalachians and the Rockies with a kind of epic innocence: nature unspoiled, inhabited by prelapsarian man. One itinerant painter, Worthington Wittredge, met the legendary scout Kit Carson in Santa Fe in 1866. "Nature had made a deep impression on this...