Word: partnerships
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...Partnership...
...Harvard became more heavily invested in Harken, it took on an even larger role as an investor when it helped to create Harvard Anadarko Partnership (HAP) in December 1990—a move which helped Harken to remain solvent and which HarvardWatch has compared to the off-the-book shadow companies and partnerships used at Enron...
Meyer, for his part, describes the partnership as the “antithesis” of Enron’s partnerships...
...same time, unlike the fake companies set up by Enron executives, the formation of the partnership made HMC liable for the debt associated with Harken properties, Meyer says...
Meyer adds that unlike Enron, “all material aspects of the partnerships and economic arrangements between the partnership and Harken” were included in SEC filings...