Word: stocked
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Dates: during 1960-1969
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...Louis to every state in the Union, pleading the future of aviation in a high, reedy Midwestern voice. Though he turned down million-dollar contracts for movies and cigarette endorsements, he accepted offers from Pan Am and Transcontinental Air Transport, Inc. (later TWA), to become a consultant. Stock options made him a millionaire almost overnight. The Minnesota farm boy and barnstorming pilot moved more and more in the ambiance of the very rich. Among them he found his wife-Anne Morrow, daughter of ex-Morgan Partner Dwight Morrow, who was then ambassador to Mexico, where Lindbergh had been sent...
...duke's role on their perpetual cruise ship? "He's the content traveler," said the duchess, to which the duke replied: "I'm also the exchequer, the purser." As purser, the duke spends each morning discussing their financial affairs with his agents and reading the stock-market tables himself. Afternoons, on a seasonable day, the duke heads for the golf course (he once shot in the 80s); he whimsically says that he really wishes he had been born a golf...
...acquire American Education Publications, publishers of a grade school current-events pamphlet, My Weekly Reader, which soon expanded to 13 school periodicals with a circulation of 16.5 million, netting the university $28.5 million. The press was sold in 1965 to the Xerox Corp. for 400,000 shares of stock then worth $56 million. Wesleyan has since netted $63 million by selling 300,000 of the Xerox shares. The school's endowment of $161 million breaks down to $130,000 per student...
...gives its students plenty of say in deciding what the university's future will be. Two students serve on the school's permanent educational-policy committee, a group Butterfield calls "the key to change." Three students are helping incoming President Edwin Etherington, former head of the American Stock Exchange (TIME, July 22), on a study of education policies and programs. A student committee on university development offers advice on campus construction plans. Wesleyan undergraduates also rate their professors. And their voices are not ignored: when Senior Dave Eger objected to administration plans to build a hockey rink before...
...aides (the average age of his five senior vice presidents is 43), began training second-echelon executives because "there's no place for us to steal talent from." Wall Street has responded to Levitt's resulting 20%-a-year growth by lifting the price of Levitt & Sons stock on the American Stock Exchange from a low of $4 a share in 1963 to $24.88 at week's end. His own 66% holdings are worth $50 million...