Word: hiid
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...last, Harvard’s day in court, for a case that dates back to the early 1990s. Over the summer, the U.S. Department of Justice filed a motion against Harvard for $102 million, alleging conflicts of interest that violated the Harvard Institute for International Development’s (HIID) contract with the U.S. Agency for International Development (USAID) in Russia from 1992 to 1997. During that time, HIID was advising the restructuring of the Russian economy—and HIID’s officers were under strict orders, the U.S. says, not to personally invest in the companies that...
...HIID does not exist anymore—it was disbanded in 2000. Between 1992 and 1997, however, USAID provided Harvard with $40 million for HIID’s operations in Russia. Andrei Shleifer directed the institute in the early years of the contract and remains a tenured professor in the economics department here. Jonathan Hay, his deputy working in Russia, has since been dismissed by the University...
...claimed, also gave a $66,000 check to Shleifer for Russian investments. The woman Hay is now married to, his girlfriend at the time, was the primary owner of the Pallada Mutual Fund Management Company—the first fund registered to sell to the Russian public. Through HIID, Hay oversaw such registrations. None of these transactions, the US says, were disclosed to USAID...
Soon, in fact, it was the University’s only arm. In 2000, HIID was dissolved and much of its endowment transferred to CID. A committee reporting to then-Provost Harvey V. Fineberg ’67 said the University should concentrate its efforts on academic research rather than consulting...
...Over time CID took on more of the attributes of HIID than I or [the committee] thought desirable,” Rodrik says. “We’re concentrated on going back to CID’s root in that sense...