Word: winokurã
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Harvard Corporation member Herbert S. “Pug” Winokur ’64-’65 will step down later this month due to his involvement with Enron’s catastrophic collapse last year. Winokur??s credibility to serve on the Harvard Corporation, which is responsible for overseeing the best interests of the University and its students, was fatally compromised by his membership on Enron’s board of directors and his position as the chair of Enron’s finance committee, which directly approved one of the questionable partnerships that...
Rubin’s and Winokur??s entanglements with Enron are symptomatic of more fundamental problems in the Harvard Corporation. Rubin represents the same corporate interests as the elites he is joining. He stands for the same logic behind Harvard’s heavy-handed expansion into Allston and its exploitation of the workers that sustain our community. Harvard is primarily an educational and research institution, and yet the people who govern it—with the exception of former University of Chicago President Hanna H. Gray—can hardly claim to be qualified as academics...
...Winokur??s resignation is an important first step. But for Harvard to ever truly be our university, we must have a voice in how it is governed. More Enron affiliates and out-of-state millionaires certainly do not help. Harvard should take the opportunity that Winokur??s vacancy presents to begin a process to open up the closed circles of power at the very top of the institution...
...involvement with Enron, the Corporation concluded its secret deliberations for selecting a member to fill another Corporation vacancy. They chose to appoint one of Enron’s bankers, the Chair of the Executive Committee of Citigroup, Robert E. Rubin ’60, to join their ranks. Although Winokur??s resignation was meant to reduce the Harvard Corporation’s connection to Enron, no one should be misled by this virtually meaningless swap...
...sale of Enron to Dynegy, Citigroup (together with J.P. Morgan, the other investment bank involved) would have made $90 million and Dynegy’s shareholders would have been stuck with Enron’s debts. If these allegations are proved true, Rubin will be morally obliged to follow Winokur??s lead and resign from the Corporation—perhaps only days after joining it. This is hardly the fresh start that the Corporation needs...