Word: maras
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...accounts it supervises by making interest payments on the accounts. Interest bearing accounts turned over to the state treasury receive five percent annual interest for as long as the government holds the money. Checking accounts or money due Harvard from other sources receive one percent annual interest, Mara says...
According to Mara, some of the money owed to the Business School is held by companies in which the University has investments. Philip Morris, for example, owes the school a $150 dividend check. In addition, IBM appears to owe the Harvard Coop some investment-related money, Mara says...
...doesn't take a genius for someone at MIT to find out what the address for Harvard is," Mara says...
...Mara also says McGraw Hill, the New York-based publishing giant, owed Harvard some of the money now controlled by the state treasury. Bill Farley, associate general counsel for McGraw Hill, says he had no information on the case and could not respond to the issue. He suggests that Mara may have erred in naming his company...
There are an awful lot of companies who won't notify a place like Harvard. Joe Mara, director of claims processing/operations, state treasurer's offic