Word: tung
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...Tung, Chinese revolutionary leader...
...acquires. Moreover, the firm generally adopts a hands-off approach to managing its holdings. While the cost of the Saks buyout may tempt Investcorp to push for higher profits, the Bahrain firm contends that it will be true to its unmeddlesome philosophy. "We are owners, not managers," said Savio Tung, a top officer. "We bid for Saks because we thought it was a great company, not because we wanted to change...
When the University of Pennsylvania denied tenure to Rosalie Tung in 1985, the Chinese-American business professor decided to put up a fight. Charging discrimination on the basis of sex and race, Tung asked the federal Equal Employment Opportunity Commission to investigate. But the university turned down the agency's request to see the peer-review letters that contained evaluations of Tung's performance by her colleagues. Last week the U.S. Supreme Court bluntly told the university to hand over the documents. The decision was one of a quartet of major rulings from the high bench, which also touched...
...Tung case, the university insisted that releasing the materials would encroach on academic freedom and undermine the confidentiality that is the backbone of the tenure system. The court dismissed that argument and gave the EEOC broad power to obtain tenure documents. Wrote Justice Harry Blackmun: "The costs associated with racial and sexual discrimination in institutions of higher learning are very substantial . . . Ferreting out this kind of invidious discrimination is a great if not compelling governmental interest...
Many college administrators were critical of the ruling. Said David Markowitz of the American Council on Education: "There will be fewer people willing to take part in peer reviews. The court is asking people to submit themselves to possible punishment for being candid." But Tung, who now teaches at the University of Wisconsin, saw things differently. "If people make an objective evaluation of a candidate's work," she said, "they have nothing to fear...