Word: hiid
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Dates: during 1990-1999
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...year ago Sachs became the director of Harvard's newly formed Center for International Development (CID), which is more research-oriented than HIID and its consulting operation. Sachs said heading up HIID and CID, along with his other duties at the University, were spreading him too thin...
Stone Professor of International Trade Jeffrey D. Sachs '76 has announced that he will step down as head of the Harvard Institute for International Development (HIID) on July 1. HIID is the subject of a government investigation for alleged misuse of federal funds...
...Attorney Donald K. Stern-who in 1996 negotiated a $775,000 settlement with Harvard over improprieties in an unrelated case involving its pharmacy-is currently investigating HIID's work consulting for the Russian government in the early 1990s. During this time, members of the HIID team allegedly used their positions for personal gain...
Shleifer retained his Harvard professorship, though the U.S. Attorney's office is currently investigating the University over the Russian HIID program. Sachs was unavailable for comment yesterday...
Shleifer oversaw the HIID operation, which was financed by a $57 million contract from the U.S. government, which cancelled the grant in May of 1997. Shleifer was accused of having invested in Russian securities while advising the Russian government on economic policy...