Harvard Role in Harken Called Deeper

Boston Globe ^ | 10/9/2002 | Michael Kranish

[fight_truth_decay]

Harvard University's financial relationship with President Bush's former oil company was deeper than previously understood, with the university's management fund creating a separate ''off the books'' partnership with Harken Energy Corp. that helped keep afloat the financially troubled company, according to a report to be released today.

[Mo1]

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[aristeides]

FYI.

[gcruse]

With so much debt removed from Harken's own books,
Harken's stock price rose and the Harvard fund sold 1.6 million shares
during this temporary stock bubble, the report says.

Harvard, home of the premier business school in the nation.
Unfortunately, their ethics campus is closed for repair.

[apochromat]

How would the stock transaction be unethical?

[fight_truth_decay]

http://www.businesstoday.com/business/business/harv02012002.htm
Group eyes Harvard's Enron ties: Watchdogs ask exec's suspension

by Tom Walsh
Friday, February 1, 2002
A Harvard University watchdog group is questioning whether the school's money managers had inside information about Enron Corp. that helped the university profit on a company that has cost others their life savings.

HarvardWatch, a group of students and alumni, also asked the university to detail other ties it has to Enron, the energy trader whose bankruptcy has cost investors billions of dollars...EXCERPT

[Betty Jo]

Hey, what can I say?