Word: turnoveritis
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The purchase, which is scheduled to become effective by October, will be the first major long-term investment of swelling Middle Eastern oil dollars in Western Europe, and was welcomed with relief by bankers and governments alike. Europe's banks still face a liquidity squeeze that was triggered in...
Although the President's decision to choke off any further turnover of White House tapes or documents to Chairman Peter Rodino's impeachment committee had been signaled clearly by Presidential Defense Counsel James St. Clair, Nixon's formal declaration carried a ring of finality. Feigning ignorance of...
He also said the fact that this is the first major turnover in VES personnel "makes this instance seem all the more shocking, but in reality it makes us much more normal in terms of other departments."
But he does note a political shift that has occurred during his term of office, an overall movement along a political spectrum from right to left. When he first became a Fellow, he was considered one of the Corporation's most liberal members. Now, with a nearly complete turnover accomplished...
Although no great changes in investment policy will be noticeable when Cabot and Harvard Management Co. take over the endowment on July 1, the general attitude will probably be more daring and liberal than State Street's. It is likely that Cabot will stick with the present two-thirds, one...