Word: nber
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According to a recent report in the New York Times, Feldstein—president and CEO of the Cambridge-based National Bureau of Economic Research (NBER)—was one of several AIG directors to receive a donation from the Starr Foundation, a nonprofit organization that is chaired by former AIG chairman and CEO Maurice R. Greenberg. Greenberg was forced out of his position at AIG when revelations of the improper accounting practices first came to light in February...
...NBER received more than $2.6 million between 2001 and 2002 from the Starr Foundation, according to a proxy statement filed by AIG last year...
...Cambridge, Feldstein runs the nation’s leading economic research center—the National Bureau of Economic Research (NBER)—which, among other things, decides when recessions officially begin...
Feldstein has served as president and CEO of NBER—a consortium of more than 500 economists—since 1984. NBER’s power comes from its reputation as a forum for top-notch researchers, who often turn to NBER first to publish their works...
Harvard Biggest Scandal: Larry Summers' remarks at the NBER conference