Word: stockely
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Dates: during 1970-1979
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...robust Midwesterner of sturdy Nordic stock, the tall, silver-haired Carlson, 64, keeps both his personal life and his business private, and he is barely known outside his native Minnesota. He has collected a string of 101 companies in ten groups without ever having sold a share of stock to the public, along the way amassing a fortune estimated at $100 million. Because his companies are private, they are not required to report sales or profits figures. But he has allowed TIME Correspondent Patricia Delaney a closer look at the far-flung activities of the Carlson Companies...
...tasks off the hands of the faculty and students, who will then have time to pursue their intellectual endeavors; the administration is to rule only by the consent of those it is supposed to serve. Instead, Bok's logic--clearly evinced by his refusal to respond to the stock divestiture issue--gives the administration and Corporation a free hand to rule in what they decide is in the general interest, even if many concerned members of the University disagree. Bok answers...
Yale had owned more than 33,000 shares of Morgan common stock worth about $1.6 million...
...that plague the company. Tall, blond, looking younger than his 57 years, he nonetheless seems put off balance by the schizoid demands of his position. Is his primary task to make profits for shareholders, who consist not just of the Rockefeller family (they control only about 1% of the stock) but also of union pension funds, investment trusts, and more than 600,000 everyday investors? Or is his main job, as Exxon's advertisements imply, to be a defender of the national security? As Garvin told TIME Correspondent John Tompkins, in an observation that no Exxon chief would have made...
...spent lavishly to turn the sophisticated men's monthly into a more macho twice-monthly, with expanded coverage of law, business, sports and gadgets of the good life. Yet advertisers remained cool to the venture, losses mounted, and Felker had to give Harmsworth most of his own stock in Esquire in return for more working capital. "The foundation for a successful publication had been made, and I could definitely see the time two years from now when we would be in the black," Felker insisted. "We were putting out a magazine that was working, a magazine that we were...