Word: profiting
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...funds run by former employees and the use of offshore investment companies—both used to boost HMC’s once-legendary returns—may not be illegal, but are considered to be ethically questionable by some, particularly in light of Harvard’s non-profit status...
...Some people think that even if you’re [using offshore companies] legally, there’s something...unethical about it,” said Benjamin Leff, a visiting professor at Harvard Law School who specializes in taxes and regulation of non-profit organizations. “Would there be totally legal and proper things that an investment company with a Cayman subsidiary would be doing? There could be. Could there be illegal [things]? Definitely. Are there some things in between...
...Deibel said that her restaurant is always on the lookout for ways to implement environmental practices. The establishment—known for its eye-popping girly décor, well-reviewed dishes and high menu prices—is a member of the Green Restaurant Association, a national non-profit organization that promotes sustainability in the industry...
...general manager, said that the travel mug initiative has not only reduced paper waste, but has also boosted business. Despite charging less for refills, coffee sales have risen, compensating for the decreased price. Provost also said that the store has seen “absolutely no drop in profit...
...Solem also said that being environmentally friendly supersedes the desire to maximize profit, a viewpoint unique among the businesses owners contacted. The two establishments are looking into installing solar thermal panels to heat water, a technology that would require a 30-year payback period while needing replacement every 15 years. Though the solar thermal panels would not be cost-effective, Solem said that she will probably install them anyway in order to support the industry and promote their...