Word: term
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Dates: during 2000-2009
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...Harvard colleagues used a proprietary database called Osiris, which updates its financial data daily, to cull information on the major shareholders of tobacco-related equities. The researchers cite New Jersey-based insurer Prudential Financial as a typical example of what they discovered. Prudential, which sells both life and long-term-disability insurance, owned about $264 million in the stocks of Reynolds American, which makes Camel cigarettes, and Philip Morris International, which manufactures the Marlboro brand. (Watch TIME's video "Au Revoir Cigarettes...
...company's $100 billion investment portfolio, less than 0.005% was exposure to tobacco stocks. "Sun Life's investments in renewable-energy projects are over $1.2 billion. We also invested about $1 billion in the last three years to help build or renovate about 20 hospitals and long-term-care facilities," Leduc added. "Together, these two categories alone amount to nearly 500 times the size of tobacco stocks...
Purely from an investor's standpoint, however, buying tobacco stocks is a solid long-term bet that historically pays regular dividends. "We ultimately have a fiduciary responsibility to our clients," says Towell, who puts about 5% of Northwestern's tobacco equities in index funds...
...Hall with Antoine. But while people were tensing up about the next act, Antoine was backstage cracking jokes, Koh said. Antoine’s ex-girlfriend joked that this “sweet” personality got him a free pass. “Once he handed in his term paper two-and-a-half months late in a class, and he still got an A- on it,” she said. “Certain rules didn’t apply to Clarel. For some reason, he was the exception. He was so touching. You always wanted...
Updike also served an eventful term as President of The Harvard Lampoon in 1953—kidnapping the president of The Harvard Crimson and orchestrating a close save of The Lampoon’s famed ibis statue. A noted perfectionist, he graduated summa cum laude the following year with a degree in English before going on to a fellowship at Oxford and a job at The New Yorker...