Word: forde
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...University’s most successful fundraising year was 2001, in which Harvard raised $658 million in nominal terms. Harvard fundraisers attribute that year’s total to several unusually large one-time gifts, including a $50 million donation from the Ford Foundation...
...fact, although Rubin stepped down from Ford Motor Company’s board last month, he said he has no plans to leave Harvard’s executive board any time soon...
...Harvard prepares to select its third leader in just two years, Ford likewise is entering a period of transition. The automaker announced this January that it would shed up to a quarter of its workforce and that it would shift production toward smaller, fuel-efficient cars...
...letter announcing his resignation from Ford’s board, Rubin wrote that his role as a director at financial conglomerate Citigroup Inc. might appear to clash with his duties at Ford as the automaker’s board undertakes an internal strategic review. Earlier this summer, Ford hired Citigroup and investment bank Goldman Sachs Group Inc. to advise the struggling automaker, The Wall Street Journal reported in August...
...Citigroup’s multifaceted relationship with Ford could raise a question whether my relationship with Ford and Citigroup creates an appearance of conflict,” Rubin, who is chairman of Citigroup’s executive committee, wrote in the letter. “Although no conflict currently exists and while I would have liked to remain involved, I have with great regret concluded that I should resign from the board at this time...