Word: hmc
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Dates: during 2000-2009
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According to Meyer, the only reason he has provided so much detail about HMC’s involvement with Harken is to defend HMC against false allegations...
...don’t think we’re saying Bush was necessarily the reason Harvard got involved, but the fact Harken wasn’t doing well [when HMC invested in it] does call into question what Harvard’s motives were,” says Mackinnon, who is also a Crimson editor...
...HMC’s investment in Harken Energy Company was larger than many of its individual investments at the time it was made, but was by no means HMC’s largest investment,” he writes. “The HMC Board was at all times aware of the Harken-related investments and was comfortable that they were within prudent diversification limits for the portfolio...
Although HMC’s private equity investments are no longer handled internally, Meyer says that until the split in 1998, “it was quite common for HMC to own more than half of the shares in a company...
Meyer declined to comment on other companies in which Harvard has a significant stake, saying that it is HMC policy not to discuss individual investments...