"Harvard Management officials, citing confidentiality and the difficulty of retrieving old documents, refused to release records about the purchase or discuss it in any detail. Its chief executive, Jack Meyer, discounted but did not entirely reject the suggestion that it made the investment because Mr Bush - then the son of the US vice-president - was on the board."
Yep, lot of that goes on. They all do it.
I am not attempting to justify anything based on the idea that 'they all do it'. As I said in my first e-mail you put people on your board who are connec ted to money. If you don't you're an idiot.
And frankly, I don't see why Harvard has to justify to anyone except its own 'investors' what it does with its funds.