Word: nader
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...Nader R. Hasan ’02 is a government concentrator in Lowell House. His column appears on alternate Wednesdays...
...Nader R. Hasan ’02 is a government concentrator in Lowell House. His column appears on alternate Wednesdays...
...Capital Research & Management Co., the nation's third largest mutual-fund manager, thinks of dividends as a defense mechanism. "Dividends act as a check on corporate hubris," he explains. "Giving some money back to shareholders gives the shareholders the ability to decide what to do with it." Ralph Nader complains to TIME that Microsoft is "piling up $50 million a day. It tells shareholders that the only way they can benefit from Microsoft shares is to sell. That isn't good enough. Shareholders own the company--it's their money...
...Nader isn't entirely right, of course. Some lackluster managements jack up dividends just to placate big shareholders. And you can benefit from Microsoft shares just by holding on--as long as they continue their long rise. Spokeswoman Katy Fonner says the firm has no plans to pay a dividend; it would rather use its cash for marketing, product development and "strategic investments...
...freak plane accident in 1942. DIED. ONG TENG CHEONG, 66, who became the first elected President of Singapore in 1993; in Singapore. Citing differences of opinion with the government over the role of the President, Cheong decided not to run for a second term three years ago. DIED. GEORGE NADER, 80, 1954 Golden Globe winner and star of 1953 cult-classic Robot Monster; in Los Angeles. Nader's soon-to-be-published book, The Perils of Paul, gives an inside look into Hollywood's gay community. DIED. MAX PERUTZ, 87, scientist who won the 1962 Nobel Prize in chemistry...