Word: stockings
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Dates: during 1980-1989
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...billion buyout, to be financed mostly by giving Commercial Credit stock to Primerica shareholders, marks a triumphant return to Wall Street for Weill, 55, who built the investment firm that has become Shearson Lehman Hutton. What gave Weill his opportunity was a strategic miscalculation by Primerica Chairman Gerald Tsai, 59, who paid a lofty $750 million for Smith Barney just a few months before last year's crash. The debt he incurred in buying the firm became burdensome when Smith Barney's brokerage business sagged after Black Monday. Weill, as head of the combined firm, intends to sell Primerica...
...have grown more complex, Harvard has taken on all the trappings of a modern corporation. The University has a growing $4 billion endowment, employs a mushrooming staff of more than 15,000, and supervises facilities that stretch around the world. If Harvard ever made a public offering on the stock market, there would be a free-for-all on the floor of the New York Stock Exchange...
...University's commitment to fairness must extend beyond mere platitudes to concrete and substantive actions. The administration should accept the decision of its support staff and bargain with their union in good faith. Harvard should divest of all its South Africa-affiliated stock--ridding itself, once and for all, of this unethical sore. Faculties must move aggressively to recruit and tenure more women and minority scholars. Harvard must also act to bring such groups into positions of leadership and responsibility within the administration itself. By setting a forceful example of equality and integration, Harvard would not only be true...
...reap far greater financial rewards than can the most generously salaried worker. An estimated 2 million U.S. men and women are millionaires, and nearly 90% of them earned their fortune by starting their own firm. The small-business boom shows no signs of slowing. Even last October's stock-market crash discouraged start-ups only briefly. Jane Morris, editor of the Venture Capital Journal, reckons that venture funding for new enterprises this year may surpass last year's record of $3.9 billion...
...program trading been tamed? The practice, which many investors suspect of contributing to last October's crash, has at least simmered down. In the first of a series of monthly program-trading reports, the New York Stock Exchange said last week that such transactions during July amounted to only 10.1% of the Big Board's volume. That percentage has declined from a level of 15% to 20% a year ago, according to some estimates...