Word: scholarship
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Dates: during 1950-1959
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Reed's bounce is built in. The second son of a Welsh-born lumber company accountant in Philadelphia, he was a hard-plugging student and star footballer in high school. He won a scholarship to Princeton, but had to drop out when his father lost his job. He got an accounting job by day, went to Philadelphia's Wharton School at night. At 29, he went to American Express as assistant to the comptroller, rose through the ranks, until in 1944 he became president...
...most of the fringe benefit recommendations the Committee has quite fairly balanced financial needs and justified the proposals by citing the valuable features that offset any objections (as enumerated in yesterday's editorial), With its peculiarly stubborn disadvantages, the scholarship plan is highly objectionable. Although it is largely justified on the basis of need, it is not set up on that principle. The plan gives no consideration to a professor's income in granting a scholarship to his child, although he may receive money from private holdings, such as pay for outside work, the publication of books, etc. Also...
...lacking the businessman's padded expense accounts, the Committee on Compensation has shown much ingenuity in circumventing taxes and still distributing the money equitably. Most of its recommendations show its success in evaluating the needs of men at each rank and carefully balancing one against another. Its proposal for scholarships for faculty children, however, seems to favor married senior faculty members, at excessive cost both to the junior faculty and to all single members of the entire faculty. The estimated $100,000 to be used for the scholarship plan should instead be spent in a flat two percent pay increase...
...scholarship fund is intended to provide full tuition at Radcliffe for two foreign students each year, with room and board provided by the College. Karen A. Goukassow '57, SGA president, said that the plan, which must be approved by two-thirds of the student body as well as the Administration, might be put into effect next fall...
...Housemaster Ronald M. Ferry '12 and Senior Tutor Daniel S. Cheever '39, has substantially improved its scholastic performance, conspicuously highlighted by the fact that the House now contains two Rhodes Scholars and three Phi Beta Kappa's. As Ferry notes, "Winthrop is now more balanced in respect to scholarship than it has been in the past...