Word: hiid
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...conflict started when these members of HIID's Russian team helped develop and fund an organization called the Institute for a Law-Based Economy (ILBE), which was created to write economic legislation and provide advising in Russia...
According to Harvard's rules about conflict of interest at HIID, any staff members at the Institute, as well as members of their families, are not allowed to make investments in the countries where they work...
...light of the scandal, AID rescinded the remaining $14 million of their $57 million fund for the project. HIID terminated both Hay and Schleifer. However, Schleifer remains a tenured professor of economics at the University...
...Justice Department investigation into the events in Russia is ongoing. The University denies the Russia scandal has anything to do with HIID's dissolution...
...report did admit that the project "highlighted" some general conflicts of interest that could come up if HIID remained in its current capacity. Even with proper management, the report said, there are "unforeseeable risks inherent in a worldwide enterprise such as HIID...