Word: oversight
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Dates: during 1980-1989
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Lauren delegates most of his company's day-to-day financial oversight to his only co-owner, Polo President Peter Strom, 57, who holds 10% of the stock. When Lauren wants to embark on a new venture, it is Strom's job to calculate what prices they would need to charge and how many items they would have to sell to break even. The huge profits from certain staple items, such as Polo shirts (see box), give Lauren the freedom to expand into riskier products. Example: at any given time Lauren may offer 60 styles of sweaters in his collections...
...FINAL most important lesson you could take from the Harvard Corporation is to be open about decisions and receptive to criticism. Harvard has been running scared from a campaign by three graduates running for seats on a 30-member, rubber-stamping oversight committee on a divestment platform. Instead of facing the challenge to their investment ideas, the administration has tried to rig the election and has hidden facts about their decision-making process from the public...
...Stephenson calls "strongest affiliation with Harvard." David Sanders, the 350th spokesman, is quick to point out that this affiliation with Harvard is a "close association in any capacity" and does not necessarily require donating large sums of money. Soliciting on behalf of the College, organizing reunions, and serving on oversight committees are some of the service criteria...
Deaver is the target of probes by the GAO, the Justice Department and the Oversight and Investigations Subcommittee of the House Energy and Commerce Committee. At issue is whether he illegally represented private clients on matters he dealt with as an Administration official. Deaver has asked that an independent counsel be appointed to look into the charges...
...continuing debate over divestment, I have noticed an assumption which is, I believe, a significant oversight. Phrases such as "Harvard invests in apartheid" illustrate this misconception, namely that holding stock in a company is equivalent to injecting capital into that company...