Word: hay
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...Jonathan Hay, another advisor to the program, will pay between $1 million and $2 million, depending on his future earnings, the government said...
...settlement came more than a year after a judge in U.S. District Court found Shleifer and Hay liable for fraud, after they made personal investments in Russia while advising the program for the now-defunct Harvard Institute for International Development. Conflict-of-interest provisions in their contracts with the government strictly prohibited such investments, which totaled several hundred thousand dollars...
Shleifer, a close friend of University President Lawrence H. Summers, has continued teaching at Harvard since the suit was filed in 2000. The University has not announced any disciplinary action against him. Hay, now a lawyer for Cleary Gottlieb in London, was fired by Harvard after the program disbanded...
...part of the settlement, Shleifer and Hay agreed to a two-year disbarment by USAID, prohibiting them from participating in any of the agency’s programs. But neither Shleifer nor Hay acknowledged any liability...
Harvard is not permitted to pay any part of the settlement owed by Shleifer or Hay, according to the terms of the agreement...