Harvard’s Corporation Committee on Shareholder Responsibility released its 2009 report yesterday detailing the University’s voting decisions on 19 shareholder proposals regarding issues of social responsibility, ranging from climate change to animal welfare.
<p>Professor Henry Louis Gates, Jr., who was arrested by Cambridge police for breaking into his own house in July, went pubbing with Sgt. James Crowley at River Gods Bar & Restaurant last night. The two seem to have become way more chummy since the summer, when Gates virulently alleged that he had been racial profiled by police and called on Crowley to "beg my forgiveness."</p><p>(FlyBy's other favorite Gates-ism: when asked by police to step out of his home, Gates, the University professor and MacArthur "Genius Grant" recipient, reportedly told Crowley, "I'll speak with your mama outside.")</p><p>River Gods' owner, Jackie Linnane, told FlyBy that the pair stayed for over an hour and chatted amicably, but she wouldn't specify what they were served other than an appetizer and beer. The River Gods menu includes everything from standard cheeseburgers to "Korean Handrolls" to "Goddess Salad" topped with arugula, pears, and bacon.</p><p>"We were really surprised that this even got out," Linnane said, noting that Gates has frequented the pub in the past. "When they came in the early evening it wasn't too busy; they were pretty secluded."</p><p>When the duo chatted with President Obama at the White House in July over peanuts and pretzels—the so-called "Beer Summit"—Gates reportedly had a mug of Sam Adams Light while Crowley had a Blue Moon with slice of orange. (Obama had a Bud Light while Vice President Biden stuck with a nonalcoholic Buckler.)</p><p>Wikimedia Commons/Pete Souza</p>
After finishing the fiscal year saddled with an unprecedented $6 billion in debt, Harvard may borrow even more money this year to sustain various capital projects across campus, the University’s chief financial officer said last week.
A small group of alumni from the Harvard Class of 1969 renewed its criticism of compensation paid to University endowment managers in a letter sent to President Drew G. Faust yesterday, citing the nearly 30 percent investment loss sustained this past year.
Harvard’s decision to use derivative investments to lock in low interest rates on the school’s mounting debt cost the University $500 million this past year and will cost it at least $425 million more over the next few decades, according to the University’s annual financial report released Friday.
The entire contents of the Harvard-Yenching Library’s Chinese rare book collection, 51,500 volumes in all, will be digitized over the next six years by Harvard librarians with funds from the National Library of China.