Word: hmc
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...Meyer would not comment yesterday on the details of his plans in the private sector. “I’m not going to go there,” he said. “I’m totally focused on HMC...
...suppose what it came down to,” Meyer explains, “is that there are many activities at HMC that the outside world is very interested in. And really, the only people who can talk about those things are HMC employees...
...weeks ago, the Crimson Staff demanded that the Harvard Management Company (HMC) divest its 72,000 shares of Chinese state-owned energy giant PetroChina because of its oil operations in Sudan. The editors rightfully pointed to the connection between Harvard’s endowment funds and the atrocities in Sudan. Through its investments in companies that continue to operate in genocidal Sudan, Harvard provides political and financial cover to businesses whose tax revenues and advanced technology arm Khartoum for the battle it wages against its citizens each...
Although students and professors may find these investments unconscionable, the HMC will defend its holdings with companies active in Sudan and other terrorist-sponsoring states in three ways. First, they will claim that divesting will hurt financial returns for Harvard’s endowment, which will limit academic enrichment opportunities for the community. Next they may respond that Harvard’s endowment should not be used as a political tool. Or, as HMC president Jack Meyer told the Crimson last week, divesting from companies may hurt job prospects for Sudanese civilians...
However the HMC intends to rationalize investments, Harvard has already twice divested South African holdings in the 1980s and tobacco companies in the 1990s. One would think that divesting from companies operating in genocidal and terrorist sponsoring states is of more immediate concern than previous divestment campaigns...