Word: harkening
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...Harken Energy folks are not the only Texas-based colleagues of George W. Bush with fortuitous, if not extraordinary, Arab connections. Another is the mysterious Houston businessman James R. Bath, a deal broker whose alleged associations run from the CIA to a major shareholder and director of the Bank of Credit & Commerce International. The President's son has denied that he ever had business dealings with Bath, but early 1980s tax records reviewed by TIME show that Bath invested $50,000 in Bush's energy ventures and remained a stockholder until Bush sold his company to Harken...
...includes the Bass brothers of Texas, the Rupert family of South Africa, the Harvard University endowment fund and George W. Bush, the President's eldest son. If the well is dry, the episode will prompt shareholders to wonder why they ever put faith in a Texas-size enigma called Harken Energy Corp...
Harvard Management did come under fire for its conflict-of-interest policy, after it was reported that Eisenson and recently-departed Beane each hold 10,000 shares in Harken Energy Corporation, a Texas oil firm in which Harvard owns more than $28 million in stock...
...will posit straight out that our conflict policy is stronger than any other buy-side institution that I know, or sell-side," Meyer says. "It does not absolutely prevent side-by-side investments, which is what Harken...
What we do know is that Meyer should strictly enforce the letter and spirit of HMC's conflict-of-interest policy. He should ask all HMC traders to sell their stock in Harken. He should ask them to dispose of their holdings in other companies that Harvard is heavily invested in. Meyer should disclose information about potential conflicts of interests for public examination. Meyer must do so if he wants to restore confidence in HMC's management of the endowment...