Word: hay
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...government alleges Shleifer and Hay, advisors with a program operated by the now-defunct Harvard Institute for International Development (HIID) seeking to ease Russia’s economic transition to capitalism, used their positions for personal gain...
...federal government, which provided $50 million in funding for the project through the U.S. Agency for International Development (USAID), said that Shleifer and Hay had engaged in unethical behavior and breached agreements with the government by investing hundreds of thousands of dollars in Russian companies. The government contends that these companies were directly affected by Shleifer’s and Hay’s advice...
...government also alleges the University should have been more vigilant in preventing Shleifer and Hay from taking such actions, thus sharing in the liability for the pair’s allegedly fraudulent actions...
Attorneys for Harvard, Shleifer and Hay vigorously disagree with the government’s allegations...
...calling the work historic and extremely successful,” Harvard lawyers wrote in a motion submitted to the court. “Now...USAID says that all of HIIDs work in Russia was rendered valueless by a handful of nominal personal investments made by Andrei Shleifer and Jonathan Hay while they were serving as advisors to the Russian government...