Word: petersons
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Dates: during 1970-1979
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...Peterson says his primary concern is ensuring that gifts to the University are sufficient to "make sure this place doesn't atrophy." There is less concentrated inherited wealth than in the past, he says, but there is still plenty of "new wealth"--wealth that Harvard must find new ways...
...Chase N. Peterson '52, vice president of alumni affairs and development, oversees the fundraising aspect of Harvard's finances. Peterson, who left his medical practice to become Harvard's dean of admissions before joining the Development Office in 1972, says that although he is involved in fundraising efforts for numerous special projects, his primary concern is ensuring that gifts to the University are sufficient to "make sure that this place doesn't atrophy." Peterson says there is less concentrated inherited wealth than in the past, but there is still plenty of "new wealth,"--wealth that Harvard must find ways...
...Peterson must raise money to meet current costs as well as funds to cover long range construction and special projects throughout the University. Unlike many other schools such as Princeton, Yale and Cornell Universities, Harvard does not run a single major fund-raising drive lasting several years. Instead, Harvard conducts an ongoing series of mini-drives, focusing on special projects like the athletics complex, the Kennedy School and the Center for Earth and Planetary Physics...
This year's commission-chaired by Peter G. Peterson, 50, a former Commerce Secretary who is now board chairman of New York's Lehman Brothers tried a different approach. "Why does Congress deny these raises?" the report asked. "Because it knows the mood of Americans, who have far less confidence in public officials than before. Breaches of trust-even by relatively few-have reduced the willingness to increase compensation." Concluding that "only a commitment to serious reform will convince Americans that trust and confidence can be restored and that increases in salary are justified," the Peterson commission recommended...
...remains to be seen whether such a code will be enough to reassure a public that has grown increasingly tightfisted because of a series of Government scandals, ranging from Watergate to Koreagate. Says Peterson: "I do not believe it is excessive to say that the 'money in polities' issue has metastasized and threatens to eat away our whole political system...