Word: hmc
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...1980s, HMC employees were encouraged to own stock in the companies they were investing in on behalf of Harvard, provided their individual transactions did not front-run Harvard and subject to the specific approval of the HMC Compliance Committee,” Eisenson writes. “This was not uncommon among investment firms at the time and was thought to align interests...
...Eating your own cooking” has since fallen out of favor in Wall Street firms, and Meyer says that he ended the practice at HMC soon after he took over...
...Meyer says speculation that HMC would want to offer a political favor to Bush is “absurd...
Meyer says HMC formed HAP because it only wanted to focus on Harken’s oil and gas properties, and not its other businesses—including convenience stores for gas stations and gas pipelines...
...same time, unlike the fake companies set up by Enron executives, the formation of the partnership made HMC liable for the debt associated with Harken properties, Meyer says...