Word: reapings
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...intense an environment the Management Company has become over the last few years, as more and more specialized investment work is done in-house. The few areas where Harvard uses outside managers include $230 million in venture capital and $170 million in outside investment advisory--where HMC can reap both profits and knowledge from private investors. About $70 million stays in "contrary investing"--depressed or out-of-fashion stocks which managers think have bright futures; two smaller pieces--$26 million in international securities and $16 million entrusted in a new computer trading technique--are also done on the outside...
...that she had won, Weonta Fitzgerald, 64, quit her job as a cleaning woman at Benedictine Hospital in Kingston, N.Y. "I was broke, now I'm rich!" she exulted. But the biggest winner by far did not have to wait in line: New York State, which stands to reap an estimated $11 million in education funds from that one giant jackpot alone. In fact, ticket sales are so brisk that this year the state figures to rake in $520 million in profit from $1.14 billion in lottery bets...
...provided that its ratings averaged 16 or higher, meaning that at least 16% of all U.S. households with televisions were tuned in to the Olympics. Thus, after spending $225 million for the broadcast rights, plus an additional $200 million for production costs and advertising commissions, the network stood to reap a profit of up to $55 million. By early last week ABC reported that fully 90% of its available spots had been sold...
...become when the Olympics roll around. We do not stop to consider how U.S. athletes like Carl Lewis, who earns over $100,000 and retains his ameteur status, and was recently named one of the ten best dressed men in America, take advantage of our system and reap rewards that the Soviets cannot begin to offer their athletes. On the other hand, the International Football Federation is struggling to find western soccer teams that can compete with the Eastern countries on the amateur level, because the Soviets and their allies regularly clean up against nations with professional sports...
...billion deal. At the top of everyone's winners list was Corporate Raider T. Boone Pickens Jr. and his partners. Together with Pickens' Texas-based Mesa Petroleum, they acquired 13.2% of Gulf stock at an average price of $45 a share, and now stand to reap $760 million from Socal's takeover for $80 a share. Mesa alone will rake in $506 million...