Word: receivership
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Dates: during 1970-1979
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...well-known New York bank of the same name). The plaintiffs charged that because of mismanagement, Bankers Trust was about to default on some of its $211 million in savings deposits. Bankers Trust officials at first denied it, but several weeks later agreed to place the S & L in receivership...
...minutes (now withdrawn by the embarrassed visiting committee which is still in the process of writing the normal milquetoast pap that passes for governing board oversight) also seem to reflect a consensus on the panel--shared by many GSD faculty and students--that Kilbridge's administration has been a "receivership" and that "Kilbridge cannot provide continued intellectual leadership...
...success in pulling the School out of administrative disorder. One member remarked, however, that a struggling image of the School persists outside the University and he suggested that we cease drawing attention to this aspect of Kilbridge's Deanship. Comparing the Kilbridge administration to a receivership, members suggested that Kilbridge cannot provide continued intellectual leadership and pointed to the need for a new Dean to bring the School to excellence. One member said that the logical head "could possibly be" an architect but that an architect should be hired with the proviso that he can build. Another remarked that...
Choice of Schools. After black parents filed suit in the U.S. district court charging that their children's rights were being violated, a three-judge panel placed the Taliaferro school system in federal receivership under Claude Purcell, the state superintendent of schools. To give blacks as wide a choice of schools as whites, Purcell demanded that schools in other Georgia counties take any of Taliaferro's blacks who applied; 42 blacks did transfer out and were accepted peacefully. Purcell also ordered the reopening and desegregation of Alexander Stephens. This done, the court took the school system...
Taliaferro whites are still bitter about the federal receivership, claiming that the order destroyed the county's school system. Blacks are simply resigned. Says George Hughes, a Crawfordville black leader: "The courts did the only thing they could do. But you just can't force white students to go to the public schools...