Word: staked
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Harvard inappropriately transferred a $15 million stake in a Canadian window shade company to a private equity firm run by former Harvard endowment managers, a federal appeals court ruled in an opinion released Monday. The court upheld a previous decision declaring that Harvard violated its agreement with Montreal-based Blinds to Go when it sold the stake to a non-Harvard affiliate without first giving the window shade company the chance to buy back the shares on terms “not less favorable.” Harvard had signed an agreement granting Blinds to Go right of first refusal...
...companies doing business in the Sudan, which Harvard can theoretically do since regulations only require HMC to disclose its holdings on domestic exchanges. In particular, Harvard may still hold shares of five such companies from which other universities have divested. Most notably, Harvard holds a nearly $5.1 million stake the Russian oil firm Tatneft...
...mouse tactics from a ruling party that won the Jan. 23 election promising a more open government? The PMO says the media are overreacting, that it was just trying to ensure an orderly process. Because of an arcane parliamentary rule, journalists can stake out the third-floor Cabinet room only if the PMO announces that a meeting is about to take place. Instead the PMO wanted reporters to wait in the grand foyer one flight below, arguing that the larger space would be safer, would allow ministers who wanted to talk to the press more space...
...With Parliament starting a new session this week, the journalists, at least, say the issues at stake are critical. "We contribute as members of the press to holding the government accountable for its actions," says Latraverse. "Canadians should be worried when they see the government trying to exert such an unprecedented level of control." Unions that represent journalists have spoken in even harsher terms. Peter Murdoch of the Communications, Energy and Paperworkers Union says the new policy "smacks of totalitarianism...
...overwhelmingly favor a crackdown on illegal immigration. To be sure, many citizens quietly benefit from the flood of illegals because the supply of cheap labor helps keep down the cost of many goods and services, from chicken parts to lawn care. Many big companies, which have an even clearer stake in cheap labor, aggressively fend off the enforcement of laws that would shut down their supply of illegal workers...