U.S. Representative Gregory F. Murphy (R-N.C.) called on Harvard to disclose and divest its endowment from any potential holdings in Chinese companies deemed a threat to national security by the federal government in a letter to the school last week.
The Harvard Management Company more than tripled its shares of Meta Platforms — formerly known as Facebook — as it saw nearly all of its stock holdings decline in value during the first three months of 2022.
Debate over the regulation of foreign money in academia, once an afterthought, has become a microcosm of the U.S.’s attempts to remain the world’s top innovator, exposing a tension between the government’s efforts to remain competitive and academia’s goals to promote innovation and the free flow of ideas.
Harvard University President Lawrence S. Bacow earned $1.13 million in 2020, a pay cut from his compensation during the first full year of his presidency in 2019.
Vice President for Finance and Chief Financial Officer Thomas J. Hollister said the University’s revenues have “rebounded” to pre-pandemic levels, placing Harvard in a “healthy” financial condition, in an interview last Thursday.
Harvard issued its first-ever green bond — debt instruments that align with international sustainability standards — earlier this month.
Stop Harvard Land Grabs and the Housing Opportunities Program held a rally in Harvard’s Science Center Plaza Friday to protest the University’s previous farmland investments in Brazil and ongoing expansion into Allston.