Word: engelhards
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...Engelhard stabled race horses in North Carolina, England and South Africa, $15 million worth of race horses -- about the same amount that the Engelhard Foundation has in assets. He needed three private jets and a helicopter to transport him to his international business and pleasure appointments...
...Forbes magazine article suggested that Engelhard even served as the model for Ian Fleming's notorious character, Goldfinger, who attempted to monopolize the world's gold reserves. (Fleming and Engelhard had some business dealings in London during the late '40s, just when Engelhard was starting to build his gold empire.) Engelhard never denied this possibility, and often seemed to delight in the suggestion...
KENNEDY School officials approached the Engelhards with its gift application last year after Charles' daughter, Sophie Engelhard, a 1977 Kennedy School graduate, suggested the family foundation as a possible source of funding. Kennedy School Associate Dean Ira Jackson, the Kennedy School classmate of Sophie who drafted the gift proposal, said his knowledge of Engelhard business operations at that time "was virtually nil, and still is. There was no research or probing, no background effort was made to study Engelhard's corporate activity," he said. "There never is when we're approaching a legitimate foundation that has made large gifts before...
...Charles Engelhard Public Affairs Library is now a reality. Within a matter of months, its now-empty shelves will be filled with books. All that's left for Harvard to do is sing the praises of Engelhard's family at next week's dedication ceremony and to fasten the sign on the wall of the library that will make it hard for anyone to fail to recognize, however unconciously, the charity of Charles Engelhard...
With all this understood, there is no doubt a large element of moral catharsis involved in an exposition of Engelhard's misdeeds. Nevertheless, the question -- now clearly moot -- must be asked: Should Harvard have accepted this gift...