Word: hiid
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...across the pond that Shleifer allegedly began to falter. During his six years of service in Russia, Shleifer was affiliated with a Harvard Institute for International Development (HIID) program that had been contracted by the U.S. Agency for International Development (USAID) to help Russia rewrite securities laws and convert to a market economy...
...course of his work with the HIID program, Shleifer allegedly invested in Russian stocks and securities. That wouldn’t seem so bad if Shleifer hadn’t been privy to a variety of internal financial changes in Russia, which made any personal investments in the Russian economy a violation of Harvard’s USAID contract. In light of these allegations, USAID withdrew their contract in 1997, and Shleifer was sent home...
...disciplinary action at Harvard. Several professors raised concerns about the case at the explosive Feb. 7 Faculty meeting that precipitated Summers’ downfall.“President Summers was not present for nor did he participate in any of the Corporation’s many discussions about the HIID matter, including those resulting in the decision to settle the case,” Houghton wrote, referring to the Harvard Institute for International Development.But Houghton’s letter did not directly address a charge leveled in Institutional Investor magazine last month by journalist David McClintick...
...controversial Harvard project to advise Russia in the 1990s—from consequences at Harvard. Seized by some Faculty members to criticize Summers, the article, “How Harvard Lost Russia,” details the activities of the Harvard Institute for International Development (HIID) in assisting the Russian government to privatize its economy. The project, funded by the State Department, drew charges from the U.S. government that Shleifer violated conflict-of-interest policies by personally investing in Russia while running the program. The article suggests that Summers shielded Shleifer from disciplinary action by the University, which paid...
...word article, “How Harvard Lost Russia,” by investigative journalist David McClintick ’62, is a copious narrative of the activities of the Harvard Institute for International Development (HIID) in advising the Russian government while supported by funding from the State Department’s Agency for International Development...