Word: investments
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Dates: during 1990-1999
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...Corporation believes that some companies doing business in South Africa are better than others, and thus pursues a policy of "selective divestment." Supporters of divestment believe that it is inherently reprehensible to invest in any company that does business in such a racist and repressive society...
...basic argument was that divestmentwon't have any effect on South Africa and all thatwill happen is that Harvard will lose money,"Jeffrey said. "There wasn't enough moraljustification for selling the stocks in thecompany that Harvard does invest...
...Wall Street, some firms have created funds that let small investors profit from improvements in the condition of ailing companies. Called "vulture," "phoenix" or even "Lazarus" funds, such portfolios invest in troubled companies deemed likely to return to health. Other brokerages specialize in recommending bargain-price stocks and bonds of ailing companies to their clients. "You just have to do your homework," says Michael Singer, the president of R.D. Smith, which advised its customers to buy Public Service of New Hampshire bonds in 1988 after the utility filed for bankruptcy. The price of the bonds has since climbed from...
...sole purpose is to buy good companies with bad balance sheets. Our goal is to restructure their finances and come out the other end with a viable company." Zell is hardly alone in his ambition. Texas investor Thomas Kelly II and several partners plan to launch a fund to invest up to $500 million in cash- starved companies. "This is not some brilliant concept that somebody just thought up," Kelly says. "Everyone wants...
Although accounting practices overstate the gap, the Japanese have saved a far higher proportion of their income than we have. We've been living better and having more fun; our Japanese friends have for 45 years been sacrificing current pleasures to invest in a brighter future...