Word: harken
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Bush sold his shares in Harken only two months before the corporation announced a $23 million loss. He also delayed for nearly eight months before filing legally required reports of his Harken stock transaction with...
...Washington Post that Harken’s executive committee—which did not include Bush—knew about the size of Harken’s $20 million worth of losses, which the company announced in August 1990, two months after Bush sold the bulk of his Harken holdings...
Ties between Eisenson and another HMC manager with Harken raise questions about conflicts of interest related to Harvard’s overall investment in a small, high-risk company...
...Crimson reported in April 1991 that both were Harken directors along with Bush and that both owned 10,000 shares of common stock in the company, worth more than $25,000 at the time...
Turner said that Eisenson—who was managing HMC’s Harken holdings—sat on Harken’s executive committee since 1986, meaning he would have had advance knowledge about Harken’s financial status, including huge impending losses...