Word: shleifer
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Dates: during 1990-1999
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...early 1990s, the Institute advised the Russian government on its transition to a capitalist economy. Economics Professor Andre Shleifer '82 oversaw the project, which was paid for by a $57 million grant from...
...Shleifer and another HIID consultant, Jonathan Hay, were accused of using their positions for personal gain and investing in Russian securities while advising the Russian government...
...immediately canceled the remainder of its grant, depriving the program of some $14 million. Sachs fired Hay, and Shleifer was forced to return to the economics department...
Federal officials suspend a $14 million contract with the Harvard Institute of International Development after discovery of possible improprieties in the administration of projects in Russia. Accusations focus on Professor of Economics Andrei Shleifer '82, who allegedly "abused the trust of the United State government by using personal relationships...for private gain," officials...
...Shleifer was appointed to the Harvard Facultyas a full professor in 1991 at the age of 30, fiveyears after receiving his doctorate from M.I.T