Word: quirks
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...factor against McNamara, as well as against former Mayors Edward A. Crane '38, Joseph A. DeGuglielmo '29, and John D. Lynch, is the long-standing Cambridge tradition to pass the Mayor's position around the Council before selecting someone for a second term. This quirk will presumably affect McNamara the most, since he has just been Mayor and the other three are not actively campaigning...
...Share. It also gets a prime profitmaker. Though Superior's $1,825 per-share purchase price seems very high (46 times earnings), Texaco knows that the reason is due to a curious bookkeeping quirk. Superior charges off all drilling costs in one year against overall earnings, rather than amortizing such capital expenses against individual properties over a period of years. By shifting to standard accounting, the net per share would double, and the price-earnings ratio drop to about...
...Quirk of Fate. Robinson joined M.I.T. in 1932, eight years after a stock salesman named Edward Leffler teamed up with Boston Broker Charles Learoyd to form the trust. Leffler thought that the ordinary investor usually bought the wrong stock, should have help in investing. At first the financial world laughed at him for his radical new ideas: the redemption feature of the fund and the disclosure of portfolio. He bowed out of M.I.T. six months later, and in came Boston Banker Merrill Griswold, an early buyer of M.I.T. shares who became M.I.T.'s first chairman...
Robinson walked into M.I.T.'s offices and suggested that Griswold and the trustees needed a research staff to back up their own investment judgment. He had the right background. True, he had been born in Seattle, but only by a quirk of fate (his engineer father had taken his family there while working on a construction job). He was indisputably a Boston product. He had gone to Noble & Greenough and Harvard (1920), taken a dutiful fling at engineering, gone back to Harvard Business School to study finance, put in his time in a Boston investment banking house. The trustees...
...rescheduling quirk forces the Crimson baseball team to take the field against B.U. this afternoon on the eve of the traditional Yale contest tomorrow. Game time for both contests is 3 p.m. at Soldiers Field...