Word: lipper
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...search for a Holocaust studies chair has ended. After consulting with the search committee, Dean of the Faculty Jeremy R. Knowles and the potential donors, the Kenneth and Evelyn Lipper Foundation, announced this week they have agreed to reallocate the already donated portion of the money intended to endow a Helen Zelaznik Professorship for Holocaust and Cognate Studies to the Lipper Center for Computational Genetics at the Harvard Medical School...
...delighted to see the Lipper's funds being put to such immediate good use in the Medical School," said Knowles, yet his enthusiasm belies the disappointing result of this donation: Harvard surrendered its chance to become a leader in Holocaust research after a disappointingly meager and questionable search in this vital area. With a greater effort, Harvard easily could have found someone for this important position...
...Harvard University and the Lipper Foundationwill continue to discuss the establishment of achair to support a tenured professor in Holocaustand Cognate studies at Harvard in the comingyears," a University press release said...
...would talk about it at that time," saidEvelyn Lipper...
Undeterred but under pressure, the ladies went to Price Waterhouse for an audit and discovered that their actual return was a sickly 9.1%--far less, according to Lipper Analytical Services, than the Standard & Poor's 500 average annual return of 14.9% or even the average general-stock-fund return of 12.6% during that same period. Updated through 1997, the audit shows that the ladies have picked up some slack, earning an average annual return of 15.3%. But that still lags the comparable S&P 500 figure of 17.2%, though it's better than the average stock-fund gain...