Word: partnership
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Dates: during 1950-1959
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...money to start it, Hecht formed Parents Institute Inc., and got a $325,000 grant from the Laura Spellman Rockefeller Memorial Fund by agreeing to assign control of his company to four universities (Yale, Columbia, Iowa and Minnesota). The odd partnership gave canny Publisher Hecht academic alliances which brought an impressive array of famous educators to Parents' masthead as "advisory editors." It also brought the schools a golden flow of income from Parents and a handful of new magazines. By 1949, when Publisher Hecht finally bought up control of Parents Institute, the colleges had already taken out substantial profits...
...will continue to reject the British viewpoint. But the U.S. itself, unless it changes its own line again, will defend a position that is also based on inconsistency. The U.S. Government, though it is pledged to the defense of Formosa, is still unwilling to work in anything like partnership with the Nationalist government on Formosa, and never misses a chance to make the point clear, even though an assault by the Reds would make partnership an absolute necessity. Furthermore, the State Department tacitly encouraged Whitehall's recognition of Red China last January...
Charles Luckman, who has been taking things easy since his departure from Lever Bros. (TIME, Jan. 30), went back to work last week. Still young (41) and ambitious, Chuck Luckman and Los Angeles Architect William Pereira formed a 50-50 partnership. Luckman graduated (University of Illinois '31) as an architect, though he went into the soap business shortly afterward; Pereira is an old friend and college classmate. The firm, specializing in commercial and institutional structures, has $25 million in business on hand...
...colleges would put on a strong public relations program with their clientele in an effort to bring them, in a real sense, into a partnership with the school in the education of their boys, many of them would not only be willing to pay as much towards the actual cost as their finances would permit, but would also add to those amounts gifts which could be applied not only to mounting operating deficits, but to the tuitions of those less able to meet these costs...
...Then there was money: after taxes on his $25,000 governor's salary, he had hardly enough to support the family and put his two sons (ages: 14 and 17) through college. He had been offered the presidency of two universities, a large corporation, an insurance company and partnership in half a dozen law firms, the governor said, and he leaned toward...