Word: hmc
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...equally pressing need for freedom in Harvard’s financial dealings. Divestment proponents, led by the United Front for Divestment (UFD), should feel pleased and vindicated by the decision. But their recent calls for further divestment and greater transparency in the dealings of the Harvard Management Company (HMC), which manages the University’s endowment, are misguided and counterproductive...
...decision an “incomplete action” until the University sells its very small stake in Sinopec, another Chinese company with ties to Sudan. Matthew W. Mahan ’05, an executive board member of the group Senior Gift Plus, also called on HMC to disclose all of its Sudan-related holdings...
...Marcus G. Miller ’08, the students went to open dining halls to gather support for their 10:30 a.m. protest on Widener steps today, the day that Harvard’s Corporation Committee on Shareholder Responsibility, a three-member board of the Harvard Management Company (HMC), is scheduled to discuss HMC’s investment in Petrochina, which may be tied to the ongoing genocide in Sudan...
...qualified women and people of color. Harvard alumni such as Carla Harris ’84 (who was the second black woman to become managing director at Morgan Stanley) and Pamela Thomas Graham ’85, who was recently named chairman of CNBC, should be considered for the HMC or fund manager positions. Former chairman of Harvard Business School’s MBA program James Cash and assistant HBS professor of finance Luis M. Viceria would also make good candidates. Placing one of these individuals in a position of power will help foster an environment that is more welcoming...
...Harvard via the formation of the task forces, these initiatives are insufficient because they do not address racial or ethnic disparities. There is more work to be done. By including ethnic diversity in the goals of the task forces and by advocating for increased female and minority participation in HMC, President Summers will send a valuable message to the world about the importance of building a qualified and representative community. If Summers wants to instill confidence in female and minority students and faculty, significant investment in diversity is the first step...