Word: payouts
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Dates: during 1990-1999
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...effort to guarantee approval, the company said it would up the overall payout if more than two thirds of the women approve the plan. But while Dow offered to cough up the green, it refused to admit its breast-enhancing product causes disease. "We still believe very strongly that the scientific evidence shows there's no connection between breast implants and medical conditions," said Dow Corning CEO Richard Hazleton. A trial, slated to begin later this month, will attempt to determine if the implants are linked to any illnesses...
There are some sound financial principles to support so low a payout, but some financial analysts--and top-ranking Harvard officials--say the University could spend more and still be good stewards of the endowment...
...Ronald Daniel, treasurer to the Harvard Corporation, says the University's highest governing board uses two guidelines when determining each year's payout...
...same, Huidekoper says that the University should be spending more of the endowment and is planning to increase the percentage payout...
Using historical data he says that the University could be spending anywhere between 4 and 6 percent on average. Harvard's average payout for the past 26 years is only 4.6 percent...