Word: trust
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Dates: during 1950-1959
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...crew-cut young man and the ' attractive woman pointing their fingers at each other (above) are not playing a new finger game. They are talking about the silent man in the middle: Dwight Robinson, chairman of Massachusetts Investors Trust. En gaged in conversation with Mrs. Robinson is TIME'S Boston Bureau Chief Murray Gart, who spent many hours with the Robinsons working on this week's cover story on M.I.T. and the man who runs it. Gart got to know the Robinsons well by being shadow to Robinson at his M.I.T. offices, visiting the Robinson home, romping...
Mask of Youth. Dulles went back to Sullivan & Cromwell, began a brilliant advance through major international assignments: he was counsel for a group of U.S. bondholders in the collapse of the Kreuger & Toll Swedish match trust, handled legal work on the $125 million J. P. Morgan & Co. loan to defeated Germany to help pay reparations. At 38 he became Sullivan & Cromwell's directing partner. It was then, according to one friend, that "young Foster adopted that dour expression, partly out of respect for the old fossils of 50 or 60 with whom he had to deal and partly...
Fish-Bowl Policy. The fund that has done more than any other to put shares in the household sugar bowl is Massachusetts Investors Trust, oldest and big gest of the mutual funds and the one that set the pattern for all the rest. M.I.T is a child of Boston, which has raised the handling of O.P.M. (other people's money) to the status of a fine art. The art was born of an 1830 court decision, the "Prudent Man Rule." In settling a suit charging a trustee with negligence in investing in common stocks, the judge held that...
...Massachusetts Investment Trust the prudent man is Chairman Dwight Parker Robinson, 59, a prow-chinned, rock-ribbed New Englander whose family roots go far back into Massachusetts history. Tall (5 ft. 11½ in.) and lean, he guides the $1.5 billion investment of M.I.T.'s 203,000 shareholders (plus the $219 million of 67,000 investors in M.I.T.'s Growth Stock Fund) with such calm and confidence that he sleeps as soundly as he invests. As the boss of the world's biggest fund, he is the first to admit that there are no exact rules...
After reading the thoroughly documented data attached, I trust you will find means to quash this most inappropriate nomination. Sincerely, Archibald B. Roosevelt...