Word: minimum
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Dates: during 1960-1969
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Orchestra managers do not begrudge the musicians their salaries. Says President Talcott Banks of the Boston Symphony, which now has a guaranteed minimum wage of $14,000 for 52 weeks of work a year: "The raise in salary levels we are now paying was long overdue." Instead, the concern of orchestra officials is about how to use their players throughout the 52-week working year. Fund Raiser Shaver likens the plight of the orchestra to that of "a manufacturer who had a market for 1,000,000 bolts, and as a result of the union contract was forced to turn...
...future is the success formula of the former Minneapolis Symphony. In 1966, at the time of its $2,000,000 Ford grant, a study was made of anticipated income and costs for the next five years. The directors decided that by 1971 the symphony needed to raise a minimum of $10 million, if it was to have a chance of coming out on top. But how? First, the organization's name was changed to the Minnesota Orchestra. More than just a semantic gimmick, that symbolized the orchestra's intention to become regional rather than a municipal enterprise...
...next year or so to appease Government regulators. Under intense pressure from the SEC, it enacted a 7% volume discount on big block trades last year, but the cut was too small to please anyone. The Justice Department advocates scrapping the brokers' jealously guarded system of fixed minimum commission rates -which now range from $6 to $75 for every 100 shares traded, depending on price-and letting every broker charge whatever he can persuade customers to pay. The idea horrifies Haack. He contends, probably rightly, that it would discriminate in favor of institutions, which have the bargaining power...
...heat was enormous. There wasn't any way to turn it off adequately. Every morning when Bill [William A. Jackson, curator of the Houghton from 1942 until his death in 1964] and I arrived at the so-called rare book room of Widner Library, the temperature would be a minimum of 85, causing a dreadful degree of dryness for the books...
...real estate and housing policy of Harvard in Cambridge can be stated as follows: First, to acquire real estate only for educational purposes and not as an investment; second, to seek to provide housing for its faculty and students with minimum injury to the community; third, to expand vertically (with high-rise construction) rather than laterally (by new property acquisitions) wherever possible; and fourth, to remain within the area bounded by Garfield Street to the north and Putnam Avenue to the southeast. Additionally, the university has since 1928 made voluntary payments in lieu of taxes to that City of Cambridge...