Word: lending
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...idea of sharing leadership responsibility, of course, is not new in U.S. corporations. Many firms have informal "inner cabinets" that hammer out difficult decisions. But until recently the arrangement was only rarely made formal. Even now it is used most often as a device to lend continuity during a period when an older chief is stepping down and a fresh leader is taking over...
...Beanpot has emerged as the undisputed showcase for New England basketball talent. A number of pro teams, including the Rockets, Knicks and Bullets, will have scouts at courtside. The result of the second Harvard-B.C. hoedown should definitely lend focus to the season to come as Ivy competition gets into high gear, since both teams' inconsistent performances to date resemble the fever chart of a malaria victim...
...25th anniversary celebration for his Paris nightspot, the Crazy Horse Saloon. On hand was Choreographer George Balanchine, who came to France to watch his Ravel ballets at the Paris Opera. Said the appreciative Balanchine after surveying the legwork of Bernardin's 18 dancing show girls: "You ought to lend some of your ideas to the opera...
...losses of up to $100 million in 1976 and $45 million of any additional deficits through 1979. This aid will not be repaid, but the government gets to take half of any profit the subsidiary might make in the next four years. In addition, the government agreed to lend Chrysler $110 million to help the company develop new car models and guaranteed $70 million in loans from British commercial banks. In exchange, Chrysler will, among other things, turn out five new models, beginning with a revamped version of its Avenger sedan that will appear next summer...
...losses involved specialized or technical schools, most of them privately owned and operated for profit. Such schools have burgeoned since FISL began, in large part because the Office of Education of the Department of Health, Education and Welfare, which administers FISL, has allowed many of them to lend to their students directly. Although many of these "proprietary" schools do a valuable job of educating, others victimize both their students and the Government. In too many cases, a high-pressure salesman working on a commission basis recruits students from low-income backgrounds by offering career-improving courses to be financed...