Word: profitable
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Dates: during 1980-1989
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...merely a reckless Marine who was acting purely for patriotic reasons in setting up the secret contra supply network and trading arms for hostages with Iran. Instead, last week's testimony suggested that like many of his private-sector companions, North may have been driven in part by a profit motive...
...player in the scandal, Iranian- born Businessman Albert Hakim. He handled the financial side of the Iran- contra "enterprise," while North took care of the political end and retired Air Force Major General Richard Secord, a business partner of Hakim's, oversaw operations. "I intended to profit from my activities," said Hakim. "I never made any pretense about that fact." And profit he did. The enterprise made a total of $14.9 million from its transactions; $8 million of those profits were frozen in bank accounts after the scandal broke...
...profit institution, the University does not have to show a profit on each purchase," says Sullivan, who is the executive director of the Cambridge Historical Commmission. "The fact that Harvard could buy a piece of property is much more important to them than the actual price...
...president of a university is not a president of a for-profit company," says Francis H. Burr '35, a former member of the Harvard Corporation who helped select Bok. "The president cannot say 'this is what we'll do'--he must get the support of the faculty...
...consequences would flow from the 15-minute address. The speech was well-received by the soon-to-be Harvard graduates, receiving a particularly loud ovation following Marshall's vow to withhold economic assistance from any "governments, political parties or groups which seek to perpetuate human misery in order to profit therefrom politically or otherwise...