Word: templeton
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...dispute stems from a letter HMC sent on Jan. 16 recommending shareholders take the “extraordinary action” of terminating Templeton Asset Management as the manager of one of two Templeton funds in which Harvard holds a combined $115 million...
...letter resulted from a disagreement between HMC—the largest minority shareholder in the two funds—and Templeton over share prices...
...privatization plan "is a joke" designed to enrich insiders while minority shareholders get the shaft, says Mark Mobius, manager of the Templeton Developing Markets fund, which owns Boto shares. "They basically want to gut the company of its best assets for an unreasonably low price." Stockholders are being offered four cents a share to part with the manufacturing division. Mobius says the offer, at around six times Boto's per-share earnings, should be almost double that considering the company's predicted growth rate. (Boto officials did not return several phone calls, and the Carlyle Group declined to comment...
...some activists want the law changed--not because they don't believe in copyright protection, but because too much of it is bad for business. "This is not the make-everything-free crowd pushing this," says Brad Templeton, chairman of the Electronic Frontier Foundation and one of the earliest e-book publishers. "I made every dime I ever had from selling copyrighted material. The question is, Which do you make illegal: breaking and entering, or the locksmith's tool...
Mounting an undercover operation in this world without rules is horrid work for your average cop. "It's loud and dark in there. There are the strobe lights in your eyes. Ugh," says N.O.P.D. captain Steve Nicholas. "It's just not an easy thing to find these people." But Templeton found them. For six months beginning in February 2000, he went undercover to at least eight State Palace raves. He and a fellow agent were able to buy 45 hits of ecstasy and five other illegal pills. They also learned from local ambulance companies that from December 1997 to August...