Word: stockely
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Dates: during 1970-1979
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...desire of landlords to be free of rent control helped spur the condo boom in Cambridge, a wave of conversions that shrunk the number of apartments in the city by 2000 in the past three years. "Condo conversion has really affected Harvard--it has cut the housing stock at a period when demand, especially from transient students, is increasing all the time," Sally Zeckhauser, president of Harvard Real Estate, Inc. said...
...three days later the Harvard Corporation issued a report rejecting student demands. Instead, the Corporation said it would review corporate practices in South Africa on a case-by-case basis and talk to the management of banks loaning to South Africa before divesting of its non-voting stock shares...
Between the ACSR's case-by-case approach and the Corporation's inertia, Harvard's recent investment record has been confusing at best. Although the Corporation espouses a policy of owning voting stock in companies to insure that it can influence corporate practices through shareholder resolutions, it retains $40 million worth of non-voting notes in General Motors Assistance Corporation (GMAC). Lawrence F. Stevens '65, the ACSR secretary, says the investment "may be worth an ACSR review" in the future. However, Hugh Calkins '45, chairman of the Corporation Committee on Harvard Shareholder Responsibility, does not see a conflict between...
...investment, and Ford and Eastman Kodak were dropped from the top ten. Harvard decreased its investments in Ford because of a downturn it predicted in the auto industry and demoted Eastman Kodak to an "average investment" over the two-year period because of the costs of the company's stock. The principal reasons for the movement of the two stocks were not, Walter M. Cabot, deputy University treasurer, says, considerations of the companies South Africa practices or of the social issues raised by their practices...
Joseph Nakash, 36, came to the U.S. in 1962 with $25 in his pocket, slept in a bus station, got a job as a $40-a-week stock boy, and brought his brothers over in 1966. They opened a jeans store in Brooklyn. The brothers worked hard, branched out, saved up $300,000 and determined to get richer by manufacturing the better blue jean. Ralph, 35, styled a tight-fitting jean with pocket stitching that was to be made under contract in Hong Kong, and Avi, 33, set up a distribution system. Early last year Joseph offered high...