Word: putnam
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...sufficiently adult to study a book on connubial hygiene, Federal Judge John Munro Woolsey of Manhattan decided last month. Thereupon Putnam's rushed the printing and, last week, published Marie Carmichael Stopes's Married Love, the first of her eight monographs on sex activity. Professionally she is a palaeobotanist and an authority on coal. In 1918 she married Humphrey Verdon Roe, who with his brother Sir Alliott Verdon Roe developed the Avro biplane. They live in Surrey with their two sons and cooperate on birth control campaigns. She first published Married Love in 1918. Since then...
...with far more caution than abandon--"prudence" is Cabot's favorite description--because the institutions will depend on them for money for generations into the future. But Harvard has received steady praise for its strategies of centralization and investing heavily in common stocks since the tenure of Treasurer George Putnam '49 began in 1973. With many universities searching for higher-yield investments after the inflationary years of the late '70s, Harvard has emerged as one of the heaviest and most diverse experimenters in the hunt for "modern" sources of funds...
...Putnam's appointment in 1973 spurred a major financial reorganization, and Harvard decided to move its investments in-house. The Management Company was formed the next year to oversee what was then a $1.15 billion endowment, with Walter Cabot and ten "partners" retained to work full time on multiplying the University's holdings...
Around 1977, the Management Company made a conscious decision to become more aggressive in exploring newer, unconventional investment fields. Putnam, Cabot, and Financial Vice President Thomas O'Brien--who had just arrived on the scene--are all vague when asked who originated and promoted the idea, but the Corporation quickly endorsed the push for diversification...
...Putnam; 663 pages...