Word: profitability
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Dates: during 1970-1979
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...There is no mastermind, no international art Mafia. We all have heard the legend of the mad, rich connoisseur who buys stolen masterworks. He does not exist." The works are sold to frequently unsuspecting collectors in the U.S. and abroad through dealers who care more about turning a quick profit than about checking on an object's pedigree. Says Volpe: "Everyone in the art market is buying questionable pieces. Most people ask more questions when they buy an automobile...
THOSE WHO PROFIT...
...This is the first time Harvard has had a College Bowl team in the 21 years I have been here," Archie C. Epps III, dean of students, said yesterday. The competition is regulated by the College Bowl Corporation, a non-profit group which establishes rules and provides judges, Epps added...
...news brief released earlier this week MIT Chancellor Paul E. Gray said "increases in wage and salary costs, prices of services, energy, and materials essential to the operation of the Institute," caused the hike. As a non-profit organiza on facing a deficit, MIT is exempt from President Carter's suggested price increase ceilings...
After Custin left in 1970 to form her own consulting firm, the store floundered. Over the next eight years Bonwit's owner, Genesco, the Nashville shoe manufacturer, brought in five different managers who came and went. After earning a $5 million profit in 1970, the Bonwit chain ran up a series of losses-$4 million last year on revenues of more than $110 million. The revolving-door management made store executives fearful of innovation, and Bonwit's identity as a fashion authority gradually faded. Says a security analyst: "The times changed, and Bonwit's didn...