Word: millions
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Dates: during 1960-1969
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...regions of the world, built up a science faculty that won four Nobel Prizes, set top scholars to work on studies of vital contemporary problems ranging from birth control to computer science to urban planning. A more effective fund raiser than administrator, he attracted enough money to complete $70 million worth of new buildings and push the annual operating budget from $22 million to $136 million. He had almost reached the halfway point in the university's current $200 million fund drive, and will stay on as president emeritus to finish...
Under Sterling, Stanford successfully conducted a $113 million fund drive and solidified its position as one of the best-financed schools in the nation...
...approved by the SEC, the fee cuts could cost brokers some $150 million of their $2.5-billion-a-year commission income. Much of that money would then remain in the coffers of big institutional investors, indirectly enriching thousands of mutual-fund shareholders and pension-fund contributors. Brokers should be able to bear the loss: soaring trading volume has deluged Wall Street with profits. Last year the net earnings of Merrill Lynch, Pierce, Fenner & Smith, the largest U.S. brokerage house, jumped 25% to $54.6 million, as its operating revenue, mostly from commissions, climbed to $369 million. Profits at Goodbody & Co. rose...
From time immemorial the European peasant has prayed for plentiful harvests. Yet plenty has not necessarily been good for the Common Market's 11 million farmers. Blessed by good crops and improved farming techniques, they have accumulated huge surpluses of agricultural products, and are swamped by tomatoes, cauliflowers, apples, plums and pears. In Germany alone, the government has had to buy and store some 80,000 tons of surplus butter, which is now known as the Butterberg (butter mountain...
...together." Chrysler's constantly improving slice of the U.S. auto market shows how well Townsend has put it together. The company's share of the market went up from 10.3% in 1962 to 18.4% during the first seven months of 1968. Profits soared from a meager $11 million on $2.1 billion sales in 1961 to last year's $200 million on $6.2 billion sales. That trend continued during the first half of 1968, when sales rose 29% over the same period last year and profits more than doubled. By the end of the year, Townsend expects...