{"id":689,"date":"2009-02-05T15:29:59","date_gmt":"2009-02-05T19:29:59","guid":{"rendered":"http:\/\/blogs.law.harvard.edu\/fensterm\/?p=689"},"modified":"2009-02-05T18:56:39","modified_gmt":"2009-02-05T22:56:39","slug":"art-of-the-deal-how-do-universities-pay-for-all-that-goodness","status":"publish","type":"post","link":"https:\/\/archive.blogs.harvard.edu\/fensterm\/2009\/02\/05\/art-of-the-deal-how-do-universities-pay-for-all-that-goodness\/","title":{"rendered":"Art of the Deal: How Do Universities Pay for All That ‘Goodness’?"},"content":{"rendered":"

Do they have ethical investing standards or is return on investment the only concern? Is it real money? If a big chunk of it evaporates, is the University too poor to pay its workers?1<\/sup> Do portfolio managers have to give back $Multi-million commissions?2<\/sup><\/h2>\n

Should it be that way?<\/h2>\n

\"Poster<\/p>\n

The Harvard Student Labor Action Movement<\/h3>\n

and<\/p>\n

The Yale Responsible Endowment Project<\/h3>\n

have looked into the matter and are looking for people interested in furthering the project.<\/p>\n

Keynote Session: Saturday February 7th Emerson Hall 305<\/strong><\/p>\n

7:00-8:30 PM How University Endowments are Managed.<\/p>\n

Full Day Session: Sunday February 8th Ticknor Lounge, Boyleston Hall<\/strong><\/p>\n

10:00-5:00 PM Stay tuned for schedule.3<\/sup><\/p>\n

1<\/sup>Harvard Administrations campaign to break the Unions was in full swing when the Progressive Student Labor Movement was active 1996-2001. The endowment at that time was booming at the time of the Mass Hall Sit In<\/a> – Spring of 2001.<\/p>\n

2<\/sup>In 2002, a group of alums in the investment industry complained about the super-sized compensation Harvard’s portfolio managers<\/a> – most of them employees of Havard Management Corporation. The president of HMC, Jack Meyer, took a bunch of his people and a bunch of Harvard’s money off and formed their own investment company. They continued to rake in bales of hay, but ta-da they were not Harvard employees. The current HMC bunch raked in enough to rile the alums and with the “deleveraging” of the market demanded that they give it back.<\/a><\/p>\n

3<\/sup>Both SLAM and YREP have nascent websites. YREP has theirs hosted on Blogger<\/a> which is a wholly owned subsidiary of the near monopoly Google. SLAM<\/a>, on the other hand, has a drupal site hosted by The Harvard Computer Society. Since Drupal is free software<\/a>. it makes more sense to post the schedule on SLAM than YREP. GAME ON! \ud83d\ude42<\/p>\n","protected":false},"excerpt":{"rendered":"

Do they have ethical investing standards or is return on investment the only concern? Is it real money? If a big chunk of it evaporates, is the University too poor to pay its workers?1 Do portfolio managers have to give back $Multi-million commissions?2 Should it be that way? The Harvard Student Labor Action Movement and […]<\/p>\n","protected":false},"author":168,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-689","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/posts\/689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/users\/168"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/comments?post=689"}],"version-history":[{"count":0,"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/posts\/689\/revisions"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/media?parent=689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/categories?post=689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/tags?post=689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}