Word: hiid
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...related case that is likely to go to trial, the U.S. government is suing Harvard and the same two former employees of the Harvard Institute for International Development (HIID) for $102 million, alleging violations of conflict-of-interest policies in the federally-funded program in Russia...
...government suit accuses Shleifer, Hay and Harvard of breach of contract for violating policies against investing in a country while acting in an advisory role. HIID, which was dissolved two years ago, received $50 million in federal money to help privatize the Russian economy...
Woodlock said yesterday that he was not inclined to allow Shleifer to make the distinction between being an employee of Harvard and being an employee of its subunit HIID. “That’s all really inside baseball for Harvard,” Woodlock said at one point and called the argument “a shell game” at another...
Harvard meanwhile continued to maintain yesterday that it had fulfilled its end of the contract with USAID. HIID provided assistance that USAID lauded at its time as historic, and Harvard had provided the oversight that it was responsible for, the University argued...
Former University President Derek C. Bok has replaced him in dealings related to the HIID case as an informal advisor to the Harvard Corporation. A former Dean of Harvard Law School, Bok is also providing advice on overarching legal strategy...