Word: mackli
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...with the economy in an unprecedented slump in part due to the widespread and unregulated use of derivative contracts, Mack says she feels “vindicated” but also...
...Mack stresses that she has nothing personal against Larson and that he was a very adept stock trader, but that he “had no background to be trading derivatives...
...Ultimately, Mack says she reached an out-of-court settlement with Harvard over her firing because her lawyers felt that the University did not want to attract media attention from the dismissal, and that the case could be dragged out over a long period, making it difficult to litigate...
...Jonathan J. Margolis, an employment lawyer with Boston-based Rodgers, Powers & Schwartz LLP who provided counsel for Mack, wrote in a letter to Summers and Levine dated July 24, 2002 and provided by Mack that “Harvard University wrongly and unlawfully interfered with Ms. Mack’s contractual and advantageous relations with Harvard Management Company.” He further suggested that they contact him as soon as possible to explore informal resolutions to the incident if they wished to avoid a lawsuit...
...Mack says that while the initial severance package offered to her by Harvard was scant and restrictive—Margolis’ letter to Summers and Levine says it consisted of little more than a bonus she had received before the incident—she reached a more acceptable settlement seven months later. Mack says that her settlement with Harvard forbids her to discuss the specific terms of the agreement or to distribute “Harvard’s property,” which includes the dismissal letter from Meyer...