Word: splits
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Dates: during 1990-1999
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Harvard has abandoned its bid to block the division of the Marriott Corporation into two companies, a split which the University's in-house investment team had previously argued against because it would damage the performance of Harvard's endowment...
Earlier this month, Harvard asked William T. Allen, the chancellor of Delaware's equity court, for a restraining order preventing the split, arguing that the University's endowment performance would be hurt. The University also charged that Marriott's method of using a special dividend to accomplish the split was illegal...
...body's most basic functions: the breakdown and utilization of dietary fat. Most of the fat we eat is too . . . well, fat to be absorbed by the body. Before it can pass through the walls of the intestine into the bloodstream, each fat molecule must be split into its constituent parts: three fatty acids and the glycerol backbone to which they are attached. That is the job of two fat-cleaving enzymes, called lipases; one of them is found in the stomach and the other in the small intestine. Once the fat pieces make it through the intestine walls, they...
...quiet a life? Oddly enough, conduct will be shown greater tolerance than talking about it. Simply going to a gay bar or marching in a gay parade would not start up an investigation. But talking about it -- as well as repeated reports of such activity -- would. These hairs are split in a five- page addendum to the proposed policy. While it admonishes commanders not to harass suspected gay soldiers, it also says that overt activities like holding hands and kissing would set off an inquiry. There remains no distinction between behavior on and off base. As a White House official...
...Marriott's division of its stock is only the latest in a series of blunders that have plagued HMC. The university has a 12% stake in Marriott preferred shares, worth about $35 million. (Incidentally, dividends on this investment to date cannot even pay Meyer's salary.) In an upcoming split, announced last fall, Marriott will become two different companies, Marriott International and Host Marriott of which the latter will absorb most of the company's $2.9 billion debt. The terms of this split, made clear in March, will stop dividends on the preferred stock and allow conversion only...