Japanese Government Advisor Threatened Harvard Management Company With Regulatory Probe In Critical Vote on Toshiba Chief Executive’s Replacement, per Report
A Japanese government advisor threatened Harvard Management Company with a regulatory probe if Harvard did not cast a critical vote in support of Toshiba’s management at the company’s annual shareholders meeting last July, Reuters reported last month.
Harvard is set to receive nearly $7 million in aid from the latest Congressional stimulus package, according to an analysis published Thursday by the American Council on Education, a higher education interest group.
The past twelve months were a year like no other for Harvard and the world. Under the backdrop of a once-in-a-century pandemic, students took classes from all over the globe, while pushing for social change at the University and on the political stage. Here, The Crimson reviews ten stories that defined 2020 at Harvard.
Harvard’s long-lived divestment movement this year gained powerful allies among the faculty and placed supporters in the upper echelons of University leadership, but its ultimate goal pushing the University to completely divest from fossil fuel companies remains unfulfilled.
Divest Student Activists Meet with Bacow, Harvard Corporation Committee for First Time in More Than a Year
Five representatives of Fossil Fuel Divest Harvard met with University President Lawrence S. Bacow and several members of the Harvard Corporation in a closed-door meeting last week.
While Harvard’s endowment returns for the 2020 fiscal year were promising, experts warn that the endowment could face challenges down the line.
Harvard Management Company plans to sell an Australian farming portfolio worth $120 million, according to a report in the Australian Financial Review.
The Harvard Corporation — the University’s highest governing body — moved to maintain a typical endowment payout of around 5 percent for Fiscal Year 2021, Dean of the Faculty of Arts and Sciences Claudine Gay wrote in an email last week.
In Letter to Bacow, Reps. Cleaver, Kennedy Asks HMC To Disclose Diversity of External Asset Managers
U.S. Representatives Emanuel Cleaver II (D-Mo.) and Joseph P. Kennedy III (D-Mass.) penned a letter to University President Lawrence S. Bacow requesting that Harvard disclose what percentage of its $40.9 billion endowment is managed by firms owned by people of color and women.
More than 120 Harvard faculty signed a letter sent to University President Lawrence S. Bacow Thursday questioning the Harvard Corporation’s decision to cut this year’s endowment payout.
The Harvard Corporation — the University’s highest governing body — moved to reduce the endowment payout for Fiscal Year 2021 by 2 percent and to make a special assessment of restricted assets as it projects a $750 million revenue shortfall.
In the first quarter of 2020, as the novel coronavirus pandemic began to roil the global economy, the overall value of public securities held by Harvard Management Company plummeted 32 percent, from $945 million to $639 million.
Harvard pledged last month to achieve net-zero greenhouse gas emissions in its endowment by 2050. But experts say a number of intermediate steps may pose logistical and environmental challenges for the University.
Harvard Medical School Faculty Pen Letter to President Bacow Expressing Disappointment with Endowment Decision
Roughly 170 members of the Harvard Medical School faculty and their supporters sent a letter to University President Lawrence S. Bacow on Sunday criticizing the school’s plan to commit its $40.9 billion endowment to net-zero greenhouse gas emissions by 2050.
After Harvard pledged to transition its endowment to carbon-neutral by 2050, fossil fuel divestment activists wrote a letter to University administrators Wednesday urging them to take “drastic climate action.”
Harvard Law School affiliates are circulating a petition calling for the Law School Administrative Board to stop investigating three students involved in an October 26 silent protest by the Harvard Prison Divestment Campaign.
Losses to the University’s endowment due to the coronavirus pandemic may have a disproportionate impact on the Radcliffe Institute for Advanced Study and the Harvard Divinity School, which draw high proportions of their budget from the endowment.
Divest Harvard, a student group calling on the University to divest from the fossil fuel industry, argues that Harvard’s commitment to making its endowment carbon-neutral by 2050 falls short of achieving their goal of total withdrawal from the industry.
President Donald Trump said in a press conference Tuesday evening that he would request that Harvard return the nearly $9 million it was granted as part of the Coronavirus Aid, Relief, and Economic Security Act.