Word: ownership
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Dates: during 1970-1979
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...heart of Penn Central's trouble is the question of its future ownership. The company's trustees figure that merely to replace its aging equipment and roadbed the line will need from $600 million to $800 million in s new capital-a sum no bankers would be willing to advance to a bankrupt line. Few members of Congress are eager to bail out Penn Central, and the Administration opposes such a move. Full nationalization of the line is supported by some labor leaders, but has few fans in either management or Government Unprofitable and unwanted, the line will...
...Plough, 81, made $39 million on paper last year; his 3% stock ownership in the drugmaking Schering-Plough Corp. rose to a year-end total of $105 million. Plough started in business at the age of 16 by borrowing $125 from his father in order to sell "Plough Antiseptic Healing Oil" door-to-door from a wagon in Memphis; 65 years and 29 acquisitions later, he has built a worldwide company that he still actively manages as chairman. Plough's record of fast earnings growth-from $1.43 a share in 1968 to an estimated $2.90 last year-has caught...
Harvard's performance in conforming to the wishes of its benefactors has traditionally been a major strength. Men such as George Bennett have at times been controversial for their narrow definition of the responsibilities of property ownership. But within the well-established framework of a university's obligations to its donors, stern adherence to ideals of proper conduct has been a source of strength to the school every since it was stung in the Arnold Arboretum suit several years ago. Harvard in the past has not broken lightly the terms of its endowments...
...Street basement; the Alumni Bulletin moved in downstairs in keeping with its long standing love of football. The Crimson issued its first number from the new building on the day of the Yale Game, November '20. A news story in the next issue made the justifiable claim that. "The ownership of its own building by the University daily sets a precedent for all other colleges and universities throughout the country." Although the building itself remained to be paid for, the Bulletin and Crimson Printing rentals made enough to meet the payments and cover takes as well...
Instead of discussing in detail issues like Harvard's ownership of Gulf Oil stock. Bok elected to devote most of the 24-page report (which he presented orally on Tuesday) to delineating his thoughts on the delineating his thoughts on the purposes of undergraduate education and the means by which those purposes could best be achieved...