Word: sayed
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Dates: during 1970-1979
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University and financial leaders say this compactness has allowed Harvard Management to hold on to the talented investment managers who have given the company such a successful record so far. James N. Bailey, managing director of Cambridge Associates--which evaluates the investment performance of Harvard and other universities--says HMC has consistently beaten the market average by 10 to 25 per cent...
...University has also found it cheaper to run Harvard Management than to pay outside managers, Putnam adds. This year's HMC annual report says its salaries are "comparable with other first-line institutions," but goes on to say the cost of running the company is one-third of the average in the field...
Stevens agrees that HMC's set-up helps keep talented managers. But, he says, "There's a possible disadvantage in not having the flexibility to decide that someone--no matter how much time they're spending--isn't doing a good job. It's a different kind of decision to say to someone, 'We don't like you and we're going to fire you,' than to tell a company, 'We're going to move to a different company...
...there normally a connection between a headline and the text that follows? "Connally Blames the Jews" is a catchy title. Blames them for what. I wondered, and what did he say? But the article left me still wondering. Is the clue in the assertion that they voted conservatively...
...result, academics say they "had to learn to walk a neutral tightrope," Lee adds. "Teachers and students wouldn't say they were against Park, but they wouldn't say they were for him," she explains...