Word: perkinses
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At least one firm has conceded that it recently sold derivatives that may not have been right for its clients. Prudential Securities said last month that it would buy back some $70 million of "risky" mortgage-backed bonds it had sold to 1,000 unwitting investors. Prudential blamed the sales...
Dwight Perkins will step down after fifteen years as director of the Harvard Institute for International Development (HIID).
HIID is the University's institute for technical assistance to and research on developing nations. Under Perkins, it has expanded its dealings with Russia and Eastern Europe and its environmental initiatives.
Perkins said he does not know when a successor will take over leadership of the institute.
"The business school tries to train CEOs," Perkins says. "The Kennedy School definition is not quite as clear yet."