Word: stockely
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
This week, however, Geralds will be sentenced on a conviction of having embezzled $24,000 from a woman who was his legal client. According to the charges, he used $13,000 to buy stock and $11,000 as a down payment for an office building. He faces up to ten years in jail. Last month his license to practice law was lifted for three years. Since then, Geralds' sole income has been his $24,000 annual salary as a legislator. But, unlike any other Michigan lawmaker convicted of a felony in the state legislature's 143-year history...
Some money managers are wary about how long the rally can last. Many, including several large insurance companies, have been sellers of stock, and even Citibank has been using the rally to sell and diversify rather than to buy. Still, there has been a bandwagon effect as the majority of institutional investors have rushed in for fear of missing the upturn. Says Paul L. Smith, chief financial officer of California's Security Pacific National Bank: "These fellows are all scared of being left at the starting gate. The minute somebody starts to buy, the others don't want...
Because students' tuition fees are used to pay for something which could have been paid for by endowment funds, (thus freeing endowment funds to buy stock in South African-affiliated companies), the University is in effect using students' tuition fees to invest in these South Africa affiliated companies...
Therefore, it would seem that if the University does divest itself of its South African holdings, it should use this freed money to defray tuition costs, thus lowering or stabilizing tuition, rather than reinvesting it in different company stock. Stanley Hilton Harvard Business School Student
...highly unlikely we'll divest our stock in companies in South Africa," Gardiner said, adding that although the Corporation report recommended against divestiture except in extreme cases, "we reserve the right to make our own decisions...