Word: knapp
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Last Saturday on the Charles, they came in second behind Princeton but ahead of Yale in the race of the Knapp Trophy. The next day they registered another second, this time to the host Coast Guard Academy in a five-team field...
Uninspired Dudley and inexperienced Quincy serve as morale-boosters for the other seven teams in an improved, more efficiently run league. Hindered by a lack of practice, Quincy's major hope for the future is sophomore right-halfback Mike Knapp, brother of last year's varsity standout, Rhodes Scholar Rob Knapp. Standings Team Won Lost Tied Points Eliot 3 1 0 6 Kirkland 3 1 0 6 Lowell 3 1 0 6 Adams 2 1 1 5 Leverett 2 1 0 4 Winthrop 1 2 1 3 Dunster 1 2 0 2 Dudley 0 2 0 2 Quincy...
Despite the loss of Bob Knapp and Larry Coburn through graduation the Crimson appears in good shape at the halfback positions. Onwuchekwa Okigwe, a second team All-Ivy in 1963 who missed last season, will start at centerhalf. Captain Bill Kersetter and either Andy Kydes or Ken Mallory will all the other halfback berths...
...company also picked up some problems along the way. Instead of sticking to acquiring existing real estate with a minimum of cash and a maximum of imaginative borrowing, Zeckendorf pushed Webb & Knapp into such unfamiliar enterprises as hotel management, urban renewal and building construction. By 1960, he had $500 million in construction projects under way. When costs began to skyrocket beyond his original estimates, Zeckendorf was unable to pay them. He began mortgaging his assets, borrowed money at excessive interest rates, some higher than 20%. He answered his critics by saying: "I'd rather be alive at 18% than...
Fast Financial Footwork. Since 1959, when his debts reached a staggering $104 million, Zeckendorf has kept Webb & Knapp alive by fast financial footwork. The company lost $19.6 million in 1962, $32.3 million in 1963. Zeckendorf has lost or sold all of his hotels, one to Goldman & DiLorenzo, partners in a fast-rising real estate firm (TIME, March 12) that has bought other Zeckendorf buildings and is thriving on Webb & Knapp's decline. He also launched a number of money-raising operations. This year, in a complicated series of transactions based on the sale of a promising and diversified company...