Word: gordon
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Dates: during 1990-1999
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Albert F. Gordon Jr. '59, a frequent contributor to the University, said yesterday that Harvard administrators have used unorthodox accounting techniques to inflate Harvard's budget deficit, perhaps as a tactic to lure new donors...
...Gordon said yesterday that the procedure is "not generally accepted." The report makes it appear as though the University is running a large deficit, he said, although standard accounting practices would show only a small loss, or even surplus...
...corporation does it this way," Gordon said. "What you do in normal accounting is you depreciate the cost of the facility, not the replacement value. This is unconventional...It's a way of squirreling away money...
...Gordon said the University may be including replacement values in order to make donors believe Harvard is in worse financial shape than it actually...
...Gordon said he did not think the leak had already affected first-year students. But Matt A. Gentzkow '96 said, "The water has been a lot colder since we got back [from winter vacation...