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their financial problems while you were there?
No. You know, the Trustees were, I would say, two-thirds
of them ladies with no business experience at all, or, for that
matter, academic experience at all. And there weren't good
fund-raisers. And we kept shifting professional fund-raisers. I
just heard the other day that the latest one left, after six months.
That must be the thirtieth since I was there, at the beginning.
Anyway, I did two terms of seven years at that place. And I can't
say I achieved anything. But nor did anybody else [laughter].
So you decided not to do a third term?
Oh, God, yes! [laughter].
Okay. We're going to go back now to your work at Time, Inc. And
what I would like to do now is for us to talk about the magazines.
And I'd like you to focus on the period that you were--from chairman
of the Board on, 1960-1980, and basically touch on any of the key
events vis-a-vis the magazines that you became involved with, as well
as talking about the magazines generally. And I thought we would
start out with Time, the magazine, but if you want to make some
general comments first about the magazine go ahead. The magazines.
Well, I was thinking about the question earlier, and
thinking of the sort of strange tensions that existed, particularly
in the days when Harry Luce was still editor-in-chief. Because you
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