Word: largest
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Dates: during 1960-1969
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...letter to President Pusey, the students alleged that the University could and should supervise Middle South more closely--particularly one of its subsidiaries, Mississippi and Light. Harvard is the company's largest common stockholder--its holdings ($10 million then and $13.6 million now) represent 1.7 per cent of Middle South. The students argued that the University power in the company was even greater than those figures indicated -- because former Treasurer Paul C. Cabot '21 and Thomas D. Cabot '44, former member of the Board of Overseers, also owned huge blocks of Middle South stock...
Whenever a new project stalls for lack of funds, a cry arises to the effect of "well, if we're worth a billion dollars and we have the largest endowment of any private university in the country, why can't we spare a few puny millions to build..." a new indoor athletic building, for instance. That billion is capital, Bennett stresses, "and once we start cutting into that, we're going to get busted." All the University can spend from its riches for the fiscal year 1967 is the $30-$40 million it will realize in income...
Bennett is an investor; he doesn't see the Harvard fund as different from the John Hancock Mutual Fund in terms of how it should be handled. His job is "to invest and reinvest the billion to provide the largest possible income." If his investments go the least bit sour, the pinch may be felt from Wigglesworth to Mallinckrodt. There's a hot line on George Bennett's desk--it goes directly to Cambridge. But some critics, with memories of the Middle South controversy, think a wall of dollars has sprung up somewhere in between
...Alps, pierces mountain rock in three 4½-mile tunnels, and crosses 30 sizable rivers as it snakes for 288 miles from the Italian port of Trieste to refineries at Ingolstadt in West Germany. When its pumps begin pushing oil next month, the T.A.L. will be Europe's largest pipeline; eventually it will move one million barrels of crude...
...Manhattan. The son of one of Morgan's closest associates, Lament went to work for J. P. Morgan & Co. in 1922, becoming a director and vice president in 1940, was prominent in the 1959 merger with the Guaranty Trust Co. to form the nation's fourth largest bank (current assets: $7.6 billion), then retired in 1964 to the somewhat less rigorous life of director of half a dozen corporations.* Aside from high finance, his abiding concern was for his alma mater, Harvard ('21), on whose Corporation he served for 15 years, and to which he willed...