Word: quasha
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...Quasha says that students often turned to extracurricular activities to relieve the political tension on campus during the time...
...Alan G. Quasha '72, a squash and tennis player, says that his involvement in sports and with a final club probably prevented him from studying as hard as he could have, but he still got away with...
...several occasions Quasha's deals have been marked by apparent conflicts of interest. Last year he tried in vain to get Harken to buy a privately held refinery, Frontier Oil, in which he owned a sizable stake. In another instance Quasha sold Harken's Hawaiian retail unit to a company controlled by both his own family and the South African Ruperts. Harken booked an $8 million gain on the deal, only to write it all off later as a loss...
...Harken's few profitable ventures was its high-flying commodities trading arm. But suddenly in 1989 the division racked up a $17 million loss, prompting Quasha to shut down the operation. Insiders say the oil traders never had careful supervision, systematic controls or enough money in the bank to ride out a downturn...
With the Bahrain deal in hand, Quasha decided to dump almost everything else. The company owned 1,000 wells and 600 gas-station pumps, all of which helped produce more than $40 million in losses in 1990. Earlier this year, Quasha spun off Harken's debt-laden businesses into separate public companies and then retired as chairman. "I've yet to find a business that's had nothing but successes," says he. "We've obviously had disappointments...