Word: investingations
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But Emma S. Mackinnon ’04, a member of HarvardWatch, says she still questions HMC’s motives for investing in Harken.
By 1991, Harvard was investing about $28 million, or one percent of the endowment, in Harken.
At the same time Harvard was investing in Harken, two of its investment managers were serving on Harken’s executive board and owning personal shares in the company—a situation which HarvardWatch has criticized as a conflict of interest.
“In the 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. ?...
Bostock and fellow panelists discussed a recent CED report, “Preschool for All: Investing in a Productive and Just Society,” which calls for preschool to be available for all children whose parents want them to enroll.