Word: stockely
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Dates: during 1970-1979
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...SASC proposals call for Harvard to divest itself of stocks in banks which loan money to South Africa and to support or initiate shareholder resolutions in all other corporations it holds stock in that do business in South Africa calling for those firms to withdraw their operations...
...Price was no object." The French-made metal-housed Cuisinart, which slices, dices, chops, minces and shreds faster than conventional individual tools, sells for $225. Yet it and lower-priced competitors (La Machine, Omnichef) flew off shelves so fast that almost no store could seem to keep them in stock. Neiman-Marcus in Houston sold 24 West German-made exercise machines ($2,000) before running...
Saudi Arabia's production of mysterious millionaires is almost as impressive as its output of oil-and now one of those little-known Saudis has volunteered to start digging Bert Lance out from under his mountain of debts. Ghaith Pharaon, 37, has offered to buy 60% of the stock in Lance's National Bank of Georgia for $20 a share, or about $4 above market value. Whether other stockholders accept or not, Lance will turn over 60% of his 200,000-odd shares to Pharaon and get a check for about $2.4 million...
...Pharaon willing to pay so much for control of a bank that is running in the red, has suspended dividends, and saw the price of its stock sink as low as $8.50 a share before the cash-laden Saudi stepped in? Last week Pharaon met with reporters in Atlanta and brushed aside suggestions that he was trying to win favor with President Carter, who reluctantly last September accepted the resignation of his friend Lance as budget boss. Said Pharaon airily: "Why should I buy influence? If I ever wanted to meet the President, we have ways of meeting him through...
...SASC has called for Harvard to divest itself of stock in banks operating in South Africa and to support or initiate shareholder resolutions in all other corporations doing business in South Africa urging them to withdraw...