Word: membership
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Dates: during 1960-1969
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...avoiding the overhead of a ponderous corporation. Yet individual members, who accept unlimited liability for insurance they underwrite, can lose heavily. In the past two underwriting years, Lloyd's 6,000 members were each, on average, $22,800 out of pocket. Recently, Lloyd's revealed that its membership -and source of capital-was noticeably diminishing...
...difficulties would be for Lloyd's to become an ordinary insurance company and increase its income from outside investments. But members are averse to such change. They prize the clubby atmosphere of the high marble halls where the tie that binds is mostly old school. The membership, at last count, included four former cabinet members (Hogg, Maudling, Sandys and Thorneycroft), more than 50 M.P.s, mainly Tory, Tycoons Charles Clore and Sir Isaac Wolfson, Lord Harlech, five dukes, eight marquesses, 39 earls, 90 knights and 113 baronets...
Steven R. Nelson, a candidate for the Cambridge City Council, has announced his candidacy for membership in the Harvard Corporation...
Turning to the question of Faculty membership. the Fainsod Committee suggested "that future additions to the Faculty be limited ordinarily to those holding teaching and research appointments, and exceptions to this rule be recommended by the dean of the Faculty only after consultation with the Faculty Council...
Fifty-four of the 657 present members of the Faculty do not hold academic appointments. The report did "not recommend any retroactive action which would deprive [them] of Faculty membership...