Word: ownership
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Dates: during 1970-1979
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Xerox nevertheless has gamely plunged ahead. In 1969 it paid stock worth nearly $1 billion in order to acquire Scientific Data Systems, a maker of small and medium computers, which has proceeded to lose $100 million under Xerox's ownership. Undaunted, Xerox five months ago paid another $29 million in stock to buy Diablo Systems, a computer disc-drive manufacturer. Xerox has won barely 1% of the world market for U.S. computers, compared with IBM's two-thirds, and the computer operation will gobble up $26 million in Xerox research and development funds this year alone...
AMUCH MORE DRAMATIC conflict--and one which ran concurrent to and may have sapped some of the strength of the antiwar movement--was the controversy surrounding Harvard's ownership of 683,000 shares of Gulf Oil Corporation stock. A group of black students, calling themselves the Pan-African Liberation Committee (PALC), called upon the University to sell its shares in Gulf--valued at about $18.5 million--and thus sever its connection with the company the group said was causing the greatest harm to the people of southern Africa...
...agency, the National Student Loan Marketing Association, would initially be Federally controlled, but eventually ownership would be shifted to the institutions involved, creating an avenue for new capital to enter the loan program without tapping the endowment...
...banks and last year pushed through a constitutional amendment eliminating the maharajahs' privy purses, but she has yet to move to break up large agricultural holdings or redistribute wealth and property as she promised in her last campaign. One reason is that few any longer believe that public ownership, with its accompanying reams of red tape, will necessarily provide a panacea for India's problems. Indira's efforts have been aimed at generating greater production both in the private and public sector and hence providing greater employment while curbing inflation...
...Lockheed was headed for collapse, its TriStar project in shambles; the aircraft's engine supplier, Britain's Rolls-Royce, had gone bankrupt. Congress came to the rescue by authorizing a $250 million federal loan guarantee and the British government assured delivery of the engines by assuming ownership of Rolls-Royce...