Word: treasurere
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The company's different businesses flow at separate paces. Harvard's stock holdings tend to turn over at the rate of about 25 percent a year, while bond holdings rotate as many as four times in a given 12-month period. Down on the fourth floor, Harvard's trust and...
Once the land income comes into the account, a 1956 state law tightly restricts how it will be invested. The state treasurer is custodian of the fund, and not more than I percent of the total can be invested in any single company. Texas also can't invest in stocks...
Historically, Harvard has always been on the vanguard of endowment management. Paul C. Cabot '21, a tough, profane Brahmin and the uncle of Walter Cabot, served as Harvard's treasurer from 1948 to 1965 and quintupled the endowment. He demanded complete discretion in managing Harvard's money, arguing that you...
George Putnam Jr. '49, himself the head of a huge 17-component group of Boston mutual funds, became treasurer in 1973--conspicuously, appointed by the same search committee he had chaired as a member of the Board of Overseers Putnam will step down on June 30 from his post, and...
Campus political procedure has also changed during the class of '84's tenure. The disjointed, ineffectual student government centered around the Student Assembly died at the end of sophomore year, and was replaced by the centrally funded Undergraduate Council the next fall. With student-faculty committees and the power to...