Word: resignations
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Dates: during 1950-1959
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...least, it had seemed as if the long row over the economy firings of 23 Rollins College faculty members might be simmering down at last. At an emergency session in Manhattan last month, a majority of the trustees had decided that President Paul A. Wagner would have to resign, and they had set a date for a Winter Park, Fla. meeting to make the final arrangements (TIME, May 7). But last week-before the meeting could take place-the whole row flared up again...
...this week Paul Wagner was still fighting back. He declared the Manhattan decision illegal, on the basis that the meeting took place outside the state. Furthermore, said he, the majority of the trustees had not told the whole story. "Before taking this action, they offered me $50,000 to resign. This was the third successive offer I have ignored. They must have finally realized that my principles are not for sale ... I am still president of Rollins College, and intend to remain so unless legally removed ... I will be in the president's office as usual...
...Hancock slipped off to the Continental Congress in 1774 with the university's treasury. He ignored pointed suggestions that he resign, surrendered ?16,000 of the treasury' funds only when Harvard sent a tutor to Philadelphia to collect them. Not until Hancock died 16 years later did Harvard recover all its property. *Some Crimson-held blue chips in the 1950 portfolio: $3,000,000 of General Electric Co. (74,000 shares), more than $1,000,000 each of Union Carbide, Standard Oil Co. (New Jersey), American Telephone & Telegraph, Seaboard Oil, Texas Co., Texas Pacific Coal & Oil, Illinois Power...
John Hancock was one of the College's poorer treasurers. "He refused to make accountings or to heed pointed suggestions that he resign," writes Cabot "Finally, when he was away from Boston as President of the Continental Congress one of the Harvard tutors was sent to him by the Corporation to receive the papers and securities in his hands, and succeeded in getting from him 18,000 pounds sterling of the College securities...
Shinwell, in the past a vociferous critic of the U.S., suddenly appeared as a champion of U.S.-British friendship. Said he: "I do not think these questions are calculated to maintain the good relations between the U.S. and this country." The opposition shouted: "Resign! Resign!" Winston Churchill scornfully rasped: "You do not know anything about it at all." Shinwell snapped back: "I know more about it than...