Word: sunk
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Without Herrell's management, the once-proud Steve's has sunk to the bottom of the barrel. It is the one ice-cream joint in the Square where you likely won't end up. The biggest problem with this pathetic parlor is that they don't even make ice cream look appetizing. That's pretty...
...problem by itself. We recognize that high yield on the endowment are good for all of us. We object, however, to the total lack of oversight by the Advisory Committee on Shareholder Responsibility (ACSR) over such investments. Harvard Management Corporation (HMC), which controls the University's investments, has sunk more than a billion dollars into high-risk, high-yield "private placement" investments, all without a trace of accountability to anyone below the Harvard Corporations...
...reason is that the committee was formed in 1972 to examine Harvard's holdings in publicly traded stocks, which at the time constituted almost 100 percent of the University's investment strategy. But now, the endowment's money managers have sunk more than $1 billion into the high-risk and high-yield realm of "private placement" investing that includes venture capital and leveraged buyouts. Although profitable, such deals have been recently questioned by Congressional panels and consumer advocates for their ethical and economic implications. But because these deals aren't covered by ACSR, they haven't been questioned at Harvard...
Saber Technology Corp., San Jose, Calif.: Harvard sunk venture capital funds into this company in the mid-1980s. The company collapsed after consuming $10 million in investor money. Its founder was later sentenced to six years in federal prison for conspiring to sell supercomputers to the Soviets...
...great time last year," Mendez said. "Our raft sunk and I was the only one that stayed on it, but I had a great time anyway...