Word: mellone
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...collegiate home-runs by winning the American Friends of the London School of Economics fellowship for a year of study at that institution, Radcliffe college's Mildred Percival Sherman fellowship, whose $2000 stipend she will use to defray costs at the London school, and the two to three year Mellon fellowship for the humanities, which will enable her to pursue a Master's in Philosophy at Columbia University starting in the fall...
Several NAS members faulted Lang, 59, for violating the traditional probity of the academy's proceedings. Says Nobel Laureate Herbert Simon, professor of computer science and psychology at Carnegie-Mellon University (and a Huntington backer): "In my 20 years in the academy, I've never seen a member who felt it necessary to start such a public fracas." Since winning a postponement of Huntington's initial 1986 nomination, Lang has fired off three anti-Huntington mailings to the full membership. "Just imagine," says NAS Member Julian Wolpert, professor of geography at Princeton's Woodrow Wilson School of Public and International...
...selection of Shapiro, an search for a replacement for William G. Bowen, who will leave Princeton by the end of the calendar year to head up the Mellon Foundation...
Barnes' tenure was relatively brief but superheated. After becoming chairman in 1981, the Harvard-educated lawyer pumped Mellon loans to energy companies in the Southwest and beefed up its real estate portfolio in Dallas and other oil towns. The lending and real estate business foundered along with OPEC: energy-related loans now account for more than half of Mellon's $1.45 billion in write-offs and nonperforming assets. Mellon also has $178 million in repossessed properties, a sixfold increase from what it owned in late 1984. Bad loans to Mexico and Brazil further crimped the bank's strained resources...
...this was finally too much for the heirs of both Founder Thomas Mellon and his son Andrew, who was Treasury Secretary to Presidents Harding, Coolidge and Hoover. Only one direct descendant, Seward Prosser Mellon, 44, still serves on the board, but family members together hold 15% of the bank's stock, providing effective control. They picked as Barnes' acting replacement Nathan Pearson, 75, a longtime financial adviser to Philanthropist Paul Mellon, who holds 9% of the bank's shares. Heading the search committee that begins meeting this week to find Barnes' successor is Andrew Mathieson, who advises the heirs...