Word: investor
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Dates: during 2000-2009
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Just imagine: students could brainstorm ideas in first-year proctor meetings, and they could brush up their business plans in Expository Writing class. Sophomore year, in between tutorial meetings, they could stop by the TECH to pour over venture capital directories, looking for the perfect strategic investor. Junior year would be the time for product development. At Commencement, every successful senior would be handed an honorary stock certificate in recognition of his or her achievements, along with the more traditional scholastic diploma. Oh, what a wonderful world it would...
...Additionally, according to Harvard spokesperson Joe Wrinn, the University was also never willing to become a "principal investor" in the plan and was only willing to invest if other large employers were included...
...recruits wound up on syndicates that were heavily exposed to asbestos claims, allowing key insiders--including Murray Lawrence, a future chairman of Lloyd's, who would serve from 1988 to 1990--to quietly lay off their own risks. "It has been a classic Ponzi scheme, in my opinion," British investor John Finlay told a House of Commons committee...
...past 13 years, to $425 million in 1999, when more than 12 million tickets were bought at an average price of $35. That's a nightly equivalent of more than 425 double-decker busloads of theatergoers. William Jackson, managing director of NatWest Equity Partners, an equal investor in the 13 theaters with Lloyd Webber's Really Useful Group, sees even better times ahead. "The demand for live entertainment is increasing," he says, "and there is also a trend toward convergence between filmed entertainment and theatrical entertainment...
Wrinn said that regardless of the final plan, Harvard would not be the "principal investor" in any plan. He would not offer any estimate of the maximum portion of the $225 million needed by the insurer that Harvard would spend. And he declined to say where the money would come from, if Harvard does decide to invest...