Word: institutee
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Three alums who lost critical November elections have won spring semester posts at their alma mater, including the failed Democratic senatorial candidate Ned Lamont ‘76. The Institute of Politics (IOP) announced its lineup of spring fellows yesterday, a roster also marked by the presence of two right...
In 2000, the institute installed Cech as its third full-time president, and he has devoted the past seven years to spending and investing the organization’s vast riches.
If Harvard decides on Cech as its leader, it will have to lure the Nobel laureate away from a plum post atop the nation’s fourth-richest private research center, the Howard Hughes Medical Institute (HHMI).
Hughes, a billionaire movie producer, aviator, and businessman, announced in 1953 that he would devote the wealth of his aircraft manufacturing firm to a scientific institute probing “the genesis of life itself.”
Hughes died in 1976 and, nine years later, the institute sold its shares of Hughes Aircraft Company to General Motors for $5 billion.