Word: mara
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Dates: during 1990-1999
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...insurance company, Mara says, recently turned over to the state a check for $130 that it owes the Harvard Business Review. In three years, the company was not able to get the money to the review, Mara says somewhat incredulously...
...Mara says many companies don't pay this money to Harvard on time because of honest, clerical mistakes. But others, he says, do not make a strong enough effort to inform the University that they have some of Harvard's money. Some companies hand over money to the state while claiming that they cannot locate the University, which has been sitting at the same spot in Cambridge for more than 350 years...
...Mara did not name specific companies that have left the University empty-handed, but he noted that insurance companies, in particular, often claim that they are not able to contact other insurance companies in the same city...
...Companies are supposed to attempt to notify the individual or company," Mara says. "There are an awful lot of companies who won't notify a place like Harvard...
Banks have a decidedly mixed record of informing their customers of inactive accounts. In the early 1980s, Mara says, the Bank of Boston once claimed, for example, that it could not find Carl Yastrzemski to tell him his account was inactive. Yastrzemski, a Hall of Fame baseball player, was widely known to spend many an afternoon in the same place: Fenway Park, where he played left field for the Boston...