Word: weissmans
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SASC member Rob Weissman '88-89 said the action was to have expressed "concern that the members of Harvard's governing board are unable to arrive at unclouded decisions due to their conflicts of interest...
...ethical principles are no different than those of Wall Street traders," says Rob Weissman '88-'89, head of Harvard Watch, a group organized by consumer advocate Ralph Nader to monitor the University's investment activities. "Given the experience with the RJR takeover, this might be the ideal time for the University to review its policies...
...Tseng will be repeated over and over again if Harvard doesn't take steps to more stringently monitor its faculty's outside affairs," says Robert Weissman '89-'90, co-founder of the group Harvard Watch, which evaluates administration policies. "It's almost inevitable...
...Weissman also criticized Harvard for itsinvolvement in the KKR limited partnership. Underthe terms of the original agreement with KKR,participants have no say in how the investmentfirm uses their money...
...Harvard should not invest in blind trusts orgroup investments of any sort where they can'tcontrol the investment process or guarantee thatit will be in accordance with Universityinvestment guidelines," Weissman said...