Word: prospectuses
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...Dukakis administration became embroiled in controversy last week when a new budget estimate, predicting a surplus of $509 million, was announced in a bond prospectus, a document that normally receives little attention...
...while such run-ups are easy to spot, the source of possible leaks is devilishly hard to trace. Any of the dozens of lawyers, bankers and investment advisers who work on deals can pass information along to colleagues, friends and relatives. A secretary who types a prospectus or contract can do the same. It may thus be virtually impossible to keep news from seeping out once a raider begins lining up financing for a deal, or two firms start talking merger...
Mark Rittenberg, a professional director who recently founded the Jerusalem Drama Workshop in Israel, will direct "Charlotte," providing undergraduates with a chance to work with a realworld expert. Rittenberg said in his prospectus for the project that he plans it to be a semester-long process of dramatic exploration, and "an opportunity to work without limits--which does not mean without artistry...
Others Ivy League schools refused to release endowment information yet. Harvard, as do the other schools, traditionally holds off on making endowment performance information public until the release of its annual financial report in early December. The fiscal 1984 figures were obtained from a prospectus for a sale yesterday of $17 million worth of bond anticipation notes...
...prospectus also showed that the University as a whole ran a $300,000 surplus on a budget of $586.9 million. The endowment was shored up by $62.4 million worth of gifts raised generally by the $350 million Harvard Campaign, which remains about $20 million short of its goal with less than two months to go. Total University investment, counting special holdings not included in the endowment, rose to $2.66 billion...