Word: summa
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Dates: during 1970-1979
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...fiendish talent for playing off his aides and lawyers against one other, would be delighted with the tangled mess he left behind. His death 14 months ago immediately set up a potential clash between his long-estranged family and the financially privileged insiders who ran Hughes' solely owned Summa Corp., which was founded in 1972 to oversee his vast holdings. At first, to almost everybody's surprise, peace reigned between the rival camps. But, after months of growing tensions, a full-scale battle for Hughes' fortune has now broken...
...keep control of Summa, Cousin Lummis has abandoned his Houston law practice to take personal charge of the holding company. Among his problems: fat salaries for four former Hughes nurse-secretaries, who must be kept happy and available to testify at future court hearings...
...exact amount is a matter of considerable confusion. Lawyers for the estate filed appraisals in Houston and Las Vegas courts last March declaring it to be worth only $ 169 million. They included an evaluation by Merrill Lynch Pierce Fenner & Smith stating that Hughes' two main holdings, the Summa Corp. and the Hughes Television Network, were worth $110.8 million. Of the total, they said, $87 million should be set aside to cover costs of lawsuits pending against Hughes interests...
...graduating class, 190 members will graduate without honors. Summa cum laude degrees will be awarded to 53 graduates, 366 will receive magna cum laude degrees, and 371 will graduate cum laude. Cum laude honors for General Studies will be awarded to 441 seniors...
...people who last year traded in a brand new car for a summa in an elite concentration in the Harvard version of "Let's Make a Deal" are back this weekend with Do It Yourself '77. With the stage designed to look like a bar, the old do it yourself troupe plus a few new additions will probably run through their new sketches like professionals doing a revue. The sketches range from one a la Raymond Chandler, to another that's a Viennese coffee song, to a T.V. situation tragedy written by Mark O'Donnell. Performances are tonight through Saturday...