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Hailed in the early 1970s on Wall Street as a wunderstock and in the business press as "a savvy marketer to the Third World," ISC is today in deep trouble. In the past two years, it has piled up losses totaling more than $50 million. In February, the American Stock Exchange suspended trading in ISC, after auditors found serious irregularities in the firm's financial records. The company's longtime chairman, J. Thomas Kenneally, 52, was ousted two weeks ago, and the few employees remaining in ISC's lavish skyscraper headquarters have been busy tagging the antique...
...ISC was a $25 million-a-year oilfield-equipment supplier called Houston Oilfield Material Co. back in 1962. Then Kenneally, an enterprising Minnesotan with an aristocratic manner and a flair for finance, became its president. Through a series of acquisitions, he quickly started transforming the company into a go-go builder of specialized agricultural and petroleum systems for Iron Curtain and Third World countries. By 1972 ISC was engaged in projects in 40 countries, and Kenneally was beginning to climb on the business jet-set circuit. Two years ago he and David Rockefeller, the Chase Manhattan Bank chief, were vice...
Competition for the CRIMSON spring sportswriting team opened at 7:30 p. m. last night before a crowd of three in the Indoor Sports Cube (ISC...
...international scene NSA provides scholarships through the World University Service for student leaders from other countries and organizes exchange visits. Perhaps even more significant than these activities is the role NSA assumes in the International Student Conference (ISC). The future leaders of especially the underdeveloped nations are often active in their student associations, and these associations are often active in politics. NSA has a unique chance to communicate with these students and through its resolutions of policy demonstrate that Americans are aware of their problems and sympathetic to their aspirations...
From the point of view of Harvard itself, membership in NSA offers a valuable opportunity for University students interested in world student problems to channel their efforts through NSA and the ISC--a chance that would be lost if Harvard stays...