Word: money
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Dates: during 1960-1969
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...housing corporation will be headed by Chairman Carter Burgess, former head of American Machine & Foundry, and President Ray Watt, a large West Coast builder. It aims to raise $50 million from large corporations and banks and a public sale of stock. Then it will invest most of the money in a number of partnerships of local builders and small investors. For every dollar that the corporation puts up, each local partnership will put up about three dollars. In addition, these partnerships will get FHA-insured loans under the National Housing Act for up to 90% of the costs of construction...
...with a 3.93 average (out of a possible 4) and sees business as a steppingstone to his ultimate goal: politics. The treasurer of the California Young Republicans, he worked in the Goldwater campaign. Barr, who also has a law degree, plans to spend the next ten years making enough money so that he can afford full-time politics. Still, he turned down a $25,000 offer from a consulting company and instead accepted $15,000 and commissions from a new firm that specializes in underwriting small and medium-sized issues. "I don't want to conform," says Barr...
...business is the only institution that has maintained its credibility in the ghetto. The blacks have been badly deprived of management experience, and if we can help them over that, we can go a long way toward solving our social problems." Casten spent four years in the Marines, made money as a part-time computer consultant while in graduate school and was co-founder of a Columbia business students' counseling service for Harlem entrepreneurs. He will continue that kind of work by directing venture-capital investments, including some to low-income areas, for the Irwin Management Co. Starting salary...
...last year. When he confronts a student protester, he likes to ask: "What are you really doing to help society?" A Villanova alumnus and Navy veteran, he turned down 24 other job offers and signed on with Philadelphia-based Comserv, which markets computer services, for $15,000 a year. "Money is not my immediate concern," he says. "With this job, I'll have a chance to get fully involved in management decisions...
...world? I think that people today have rejected the New Left view that the system is rotten. They want to get in the system and do something about it, to work for the ends that they think are worthwhile. It's really a new use of power and money for good...