Word: investments
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Dates: during 1980-1989
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Over the last three years, the Harvard Corporation has tried repeatedly to return to the old days of amoral investing. Treasurer George Putnam '49 floated the idea in 1982 that Harvard would invest in banks that gave "humanitarian" loans to the South African government. Last year, Corporation member Hugh Calkins denied Harvard took moral questions into account when investing Each time the Corporation has tried to go back on the commitments it made in 1977-79, the divestiture movement has responded, by packing ACSR meetings, holding vigils and rallies, and most notably last year with the fast for divestiture...
...ruling is most likely to affect large universities that invest a lot of money is men's sports, such as football and basketball. Under the earlier interpretations of Title IX, these schools were required to provide similar funding and treatment for men's and women's athletics or risk losing all federal funds. But under the recent decision, shifting funds away from women's sports would jeopardize federal aid to other university programs. As a result critics of ht decision contend, university with limited athletic budgets may be inclined to cut back on women's programs...
Hart should announce a comprehensive plan of action to revive the economy. Why not set up a venture-capital agency to help start-up companies? Assemble twenty top corporate leaders to assess industrial prospects, and then let them choose high-growth sectors to invest in. Japan and West Germany have set up such programs with success...
Evidence suggests a correlation between success in the polls and success in fundraising. Those with money to donate are less likely to invest in the unpromising future of a candidate struggling in the polls. Contributions translate into political favors only if the candidate gains office...
Putnam convinced Yale, Princeton, MIT, Notre Dame, Stanford, Wellesley (where he served as chairman of the college's finance committee), and other colleges to invest in the fledgling company at costs ranging from a minimum $5000 to $400,000 the size of Harvard's initial stake. Those who bought the most did the best...