Word: stewardship
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Public utility holdings have doubled under Cabot's stewardship mostly at the expense of chemical, retail trade, and bank stocks. In general, however, the percentages of these various categories of stock have remained relatively stable for several decades...
Wrapped up in the cause of the tyrannized colonies, Hancock was frequently out of town and handled the University's funds without troubling to keep books. By 1776, the school had had enough, but Hancock paid no attention to hints that he resign his stewardship...
Finally in 1785, the Governor acknowledged that he owed Harvard a balance of 1,054 pounds from his stewardship. He acknowledged it, that is, but died in 1793 without ever having paid a cent of it. Hancock's heirs, however, promised restitution and by 1802 had paid off the whole debt plus simple interest; yet the University is still out $526 of compound interest from its unfortunate appointment...
Finally in 1785, the Governor acknowledged that he owed Harvard a balance of 1,054 pounds from his stewardship. He acknowledged it, that is, but died in 1793 without ever having paid a cent of it. Hancock's heirs, however, promised restitution and by 1802 had paid off the whole debt plus simple interest; yet the University is still out $526 of compound interest from its unfortunate appointment...
Public utility holdings have doubled under Cabot's stewardship mostly at the expense of chemical, retail trade, and bank stocks. In general, however, the percentages of these various categories of stock have remained relatively stable for several decades...