Word: profitable
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Dates: during 1980-1989
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Rather than spend money during Commencement week, the class of 1981 will probably make a profit by charging admission fees to its events. Diane Dussault, administrative assistant for AHA said last week, adding that unlike the 25th reunion activities, many of the events sponsored by the senior class committee have cash bars. The senior class dance, for instance. turned a profit of $650 by selling $100 worth of liquor. The profits from the Class of '81 events will go into a class treasury...
Hoechst A.G. of Frankfurt, an international chemical firm, is giving MGH the money over the next ten years so that the hospital can establish a new department of molecular biology and support basic research in that field. In exchange for the grant, Hoechst will have the right to profit from the research results before other companies gain access to the findings and to obtain exclusive licenses to develop to develop commercial products using the research results. MGH, however, will own any patents developed under the agreement...
...naive. But by now I've learned that John Kennedy was not a saint and that most people here are not wise, merely intelligent and self-centered. I've also learned that this institution is hardly benevolent, that it is run by members of a corporation--for profit...
Economy Savings, a small institution with deposits of $69 million, is the only S and L in a decade to be liquidated by the FSLIC, but it may be only the first of many in the coming months. Like all S and Ls, Economy Savings was trapped in a profit squeeze caused by unrelenting high interest rates. It was forced to pay as much as 15% to attract deposits, while carrying many old mortgages on its books that earned less than...
...city last year won the right to restrict the expansion of Harvard and other non-profit institutions into low-density residential areas. The new powers would, if granted, cover the entire city and allow city regulation, perhaps through a permit-granting process, of any purchase that would take property off the tax rolls...