Word: trusts
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Dates: during 1960-1969
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...shift virtually all decision-making power from the stockholders, who are self-appointed to the directors, who would more than ever represent the membership. The directors instead of the "trustee" stockholders would set the rebate rate, for example. While continuing to hold the 60.000 shares of Coop stock in trust, the stockholders will become no more than a nominating board for the directors...
...MATTER what happens to the by-law proposals, the Coop is working to push the rebate back up. The rates this year have slipped again to 7.5 per cent for charge and 5.5 per cent for cash. Because of a new charge arrangement with Harvard Trust, the Coop will now be able to cut billing expenses...
...Harvard, on the recommendation of the Board of Overseers, President Nathan Pusey established a new 35-member Committee on Governance that will include eleven students and 18 faculty members. Asserting that it was essential to re-establish "the high sense of mutual trust and confidence that formerly prevailed at Harvard," the overseers charged the reform panel with the responsibility of re-examining the university's decision-making process, which presently rests in a vague, tradition-bound combination of administrators, faculty and trustees-but no students. Among the alternatives proposed by the overseers for consideration: a new university body composed...
Saber Rattling. On the surface it had all looked like part of a familiar cycle-labor v. management saber rattling over money, hours, work conditions -all capable of rational settlement. But the talks between the Met and eleven unions were hampered by past rancors and lack of trust. Bombay-born Zubin Mehta, music director of the Los Angeles Philharmonic and a regular conductor at the Met, last week scornfully characterized the negotiations as an "Oriental-bazaar style of bargaining." Bing speaks openly of the "sheer demagoguery" of his adversaries, and is furious that they don't take pity...
...REFORM of central institutional machinery alone will be sufficient immediately to reestablish the high sense of mutual trust and confidence that formerly prevailed at Harvard. However, we are convinced that an honest and open process of discussion of this, along with the discussions by the various faculties on matters within their jurisdiction, is indispensable to that end, and therefore that this work must proceed with a sense of urgency. We call upon all members of the Harvard community to join...