Word: hay
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Jones Professor of Economics Andrei Shleifer ’82 and former Harvard employee Jonathan Hay violated the False Claims Act by making investments in Russia through family while advising the Russian government on its transition to capitalism under a $34 million contract with the U.S. Agency for International Development (USAID), Judge Douglas P. Woodlock found...
...University could face damages of up to $34 million plus accumulated interest for breach of contract, but because Shleifer and Hay were found to have violated the Act, they may still face damages of up to $102 million plus interest each...
Shleifer, one of the world’s top economists, and Harvard Law School graduate Hay, formerly the top two officials in the now-defunct Harvard Institute for International Development...
Woodlock found that Shleifer and Hay are liable for hundreds of thousands of dollars of investments by family members, including investments by Shleifer’s wife and Hay’s girlfriend and father...
That strategy served him well in many jobs, from baling hay to assembling refrigerators. But in the most important test of his life, sheer doggedness wasn't enough. The son of a GE factory worker, Nardelli, 56, had spent close to 30 years at that company trying to prove himself as CEO material. In November 2000 he lost a two-year, three-way contest to succeed Jack Welch. "To say I wasn't disappointed would be lying," Nardelli says. "You don't train to come in second." Nardelli bounced back to become CEO of Home Depot, a company half...