Word: run
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Dates: during 1960-1969
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Under the Table. Instead of paternalistic emoluments, Italian executives often collect under-the-table cash bonuses, which the company camouflages on its books as "miscellaneous expenses." Payments to top managers run as high as $20,000 a year. Small private firms rely on generous automobile allowances...
...Janeiro's Mesbla department store enjoy free vacations at their company's summer resort. All these-and many more-are the fringe benefits that are taken for granted by executives abroad, and account for the fact that they can often live high on salaries that usually run much lower than those...
...Free Diversions. In Japan, the system for subsidizing executive fun and games works somewhat differently. At the end of each month, women who run geisha houses and popular bars troop to the accounting departments of big firms. Each visitor carries sheafs of bills and whispers the name of the executive-san concerned. They are paid, no questions asked. The Japanese executive has the world's most generous expense account for nocturnal diversions. A government survey found that in 1967, Japanese businessmen spent $1.4 billion on nontaxable "official entertainment." The 1,140 bars along Tokyo's Ginza depend...
...great Syllogism. Don't bother me with Harvard's relationship with Cambridge, or rent control, or Mather House, or Harvard's investments in South America. Don't bother me with the fact that no one's ever seen Pusey. After all, Columbia can't happen here. Harvard isn't run by businessmen but by academics. We're proud of that...
Harvard is run by a businessman mentality. Its academics are sick with manufacturing, publish, and Potomac fever. Professors sit on their Harvardness and preen before Time and the New York Times who publish vanity as sincerity and academic conjecture as fact. The Harvard degree seems to insure that you will never have to deal with stupidity as you learn to handle power. For all too many, the Harvard degree has become an affliction for themselves and for others ("There is no role for the white liberal. He is our affliction"--James Baldwin...