Word: treasurership
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Dates: during 1970-1979
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Since 1928, the same group of Boston financiers has been running Harvard's enormous investment accounts. In that year, Paul C. Cabot '21 began the financial consulting which eventually brought him to the Treasurership in 1948. When Cabot retired in 1967, his deputy Treasurer, partner in business, and longtime associate George F. Bennett '33 took over Harvard's finances...
Last September, when Bennett announced his intention to resign from the post, he cited an overload of work as his principal reason for leaving. On top of the Treasurership, he has headed the State Street Research and Management Corporation, one of Boston's largest investment counseling firms...
...decision on which investment management system Harvard should use in the future will not be made until a new man is found to take over the treasurership. This appointment is likely to come within a month...