Word: portfolios
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Dates: during 1970-1979
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...talks in Lancaster House, near Saint James Palace in the heart of London. One group spoke for the Patriotic Front, won alliance of insurgent forces headed by Joshua Nkomo and Robert Mugabe; the other represented the current government, led by Prime Minister Abel Muzorewa and including Minister Without Portfolio Ian Smith...
...size and power of Harvard's investment portfolio, like most things at Harvard, is shrouded in mystery. Portfolio managers daily decide the direction of the University's investments, secluded from student demonstrators and outside interference. Like the gnomes of Zurich, they keep their decisions out of the public eye and help to perpetuate the myth behind Harvard's portfolio. They are cautious, conservative investors, seemingly unshaken by the moral and ethical questions students raise...
...Corporation's line, especially as an investor using Harvard's power through shareholder resolutions, has marred the committee's image among students. The Corporation assigned the committee the task of a case-by-case review of corporate practices in South Africa and of recommending possible shifts in the portfolio. The ACSR could have taken on the role of independent critic, but it has rarely dissented from past Corporation policies. Its reports indicated that instead of fighting to alter corporate practices by sponsoring shareholder resolutions, it would stand by and wait for other investors to take the initiative...
While the Harvard Management Company maintains control over the day-to-day operations of the portfolio, the "ultimate decisions are left to the Harvard Corporation," Cabot says. "The Corporation does not dictate to the company what sort of stocks it should...
When Adams' first portfolio, Parmelian Prints of the High Sierras, was privately published in 1927, he was a fine technician who did not know much about the history of his own medium. He had not seen, or at any rate had not noticed, the work of his 19th century predecessors, Western landscape photographers like Carleton E. Watkins and Timothy H. O'Sullivan. He was still influenced by the so-called pictorialists, photographers given to arty blurs and poses. He also disliked the canonical painters of the American sublime, Bierstadt and Moran. "Indians and bears walking out to the edge...