Word: spend
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Dates: during 1960-1969
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Lowe is sure that the company will gain. He figures that for every executive who keels over too soon, the company must spend twice his annual salary training a replacement. Additional savings are expected from slimmer expense accounts, since traveling executives can be expected to switch from steak and Scotch to Metrecal...
...Sales Manager Ed Burns, 50, who has to reduce from his original 199 Ibs. to 179, vows that he will make it even if he has to live in a sauna. The trouble is, he says, that if he wins the bonus, he will have to spend it all on altering his clothes...
Whenever a new project stalls for lack of funds, a cry rises to the effect of "Well, if we're worth a billion dollars and we have the largset endowment of any private university in the country, why can't we spend a few puny millions to build . . ." a new athletic building for instance. That billion is capital (Bennett stressed), and once we start cutting into capital we're going to get busted...
...that the university can spend from its riches for the fiscal year 1967 is the $30-40 million it will realize in income...
...legally defined as only the original amount of the gift and certainly not the market value of the stocks bought with it. Thus, even a fund restricted to principal could be delivering spendable income at the rate of 10 per cent a year, if the Corporation wanted to spend...