Word: profitable
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Dates: during 1970-1979
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...HCHP is a non-profit medical plan with no corporate connection to the University and obtains its tax-exempt status separately. It owns property in the Cambridge Health Center...
...average student salesman works 12 1/2 to 13 1/2 hours a day, and six days a week, clearing approximately $1000 profit in his first summer of work, Wilson said...
First, other universities and non-profit institutions would come under intense pressure to follow Harvard's example. Second, those companies which are most sensitive to public relations would have to re-examine their South African ties, deciding either not to expand existing operations, to start cutting back operations, or, in some cases, to withdraw entirely. Thirdly, political leaders and corporate planners who try to gauge long-term trends would see Harvard's action as further evidence that the days of the white minority regime are numbered. To be sure, divestiture would not have an immediate financial effect on the companies...
...primary recurring expense involves so-called "opportunity costs." This is the potential lower profit which comes from avoiding stocks of companies which operate in South Africa. Of course, this cost is highly speculative--Stanford did not even venture to estimate it. Harvard's estimates of $1.8-6.8 million annually for recurring costs are based on a Princeton study of the stock market in the years 1953-1968. This study demonstrated the overall greater profitability of investment in the large multinational corporations, which comprise the bulk of U.S. business interests. However, in the ten years since 1968 the multinationals have...
...wanted structure," argues Travis McGee, "I'd live in a house with a Florida room, have 2.7 kids, a dog, a cat, a smiling wife, two cars, a viable retirement and profit-sharing plan, a seven handicap and shortness of breath." McGee, of course, is the swashbuckling hero of 18 John D. MacDonald mystery novels who lives on a houseboat, The Busted Flush, that he won in a poker game. His aversion to structured, land-based predictability is shared by an ever growing number of Americans who live year-round on their boats...