Word: stockely
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Dates: during 1970-1979
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...with Founders Tex Thornton and Roy Ash, has built Kidde from a sleepy outfit into a diversified firm (cranes, safety equipment, sporting goods, etc.) with 1977 sales of $1.5 billion and profits of $56.7 million. But the acquisition of U.S. Lines in 1969 for $104 million in cash and stock was, Sullivan admits, a grave mistake. U.S. Lines lost $1.5 million in 1970, whereupon Sullivan began looking for a buyer for that arm of the Kidde empire. He agreed to give R.J. Reynolds Tobacco Co. a six-year option, but trustbusters blocked the sale because Reynolds had acquired McLean...
...Harvard buy whatever stock it wants to? It's a free country...
...Yeah, but not if the company they buy stock in is doing really bad things, like apartheid...
...Harvard owns stock in a lot of U.S. companies that work in South Africa, pay taxes to the government and like that...
...Sell its stock, I think...