Word: shad
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...Shad's purported prior skepticism regarding Harvard's commitment to the field of ethics is shared by many financial experts across the country...
...gala B-School gathering in New York City, McArthur announced in March that Harvard would be setting up a $30 million ethics endowment. Shad had provided two-thirds of the grant...
...gift from Shad, who is stepping down to become Ambassador to the Netherlands, comes at a time of unprecedented interest in classroom ethics stimulated by the recent Wall Street insider trading scandal. The SEC Chairman's donation coincides with President Bok's efforts announced last year to create the university-wide ethics program now run by Kennedy School Professor Dennis Thompson...
...Harvard Business School is the preeminent institution in the field and it can and should lead by example," Shad said upon announcing his grant. "In effect, we're starting at the top of the pyramid--with the outstanding faculty and student of the Harvard Business School--but this experience will ultimately permeate the pyramid's much broader base...
...Shad and I both feel that this faculty can only make a real impact in this domain if the subject is tackled on an unprecendented scale," McArthur said to reporters at the time of the announcement. "It is clear to us that ethical issues have to be considered as they arise in the profession of business--constantly, and unexpectedly," he said, adding "They have to be imbedded in the very fabric of what we teach and research at Harvard Business School...