Harvard University, which often faces pressure from students and alumni to shed controversial investments, has agreed to create a senior position at its investment management arm to consider the environmental, social, and corporate governance aspects of its holdings.
Harvard Management Co. recently began searching for a vice president for “sustainable investing,” a relatively novel position in the world of university endowments.
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If Harvard University and its alums are serious about only making investments that are for the public good and Harvard's good, obviously, in terms of its finances, then this new Vp should seriously consider shedding all of Harvard's investments in firms that have received US TARP bailout funds and have begun to conversely off-shore thousands of US jobs - because harming future the future of Massachusetts' children for financial gain isn't something that any American with even the slightest bit of ethics, would want to see happen.
A case in point would be State Street Corporation (STT), who received a $2 Billion US TARP bailout from the American people and is now under the direction of its current CEO JAY HOOLEY and his good friend ALLEN GREENE - is in the process of secretly off-shoring its entire Fund Administration division (750 Masachusetts employees). My father was a Harvard alum, and he also taught at Harvard Business school from 1951-1954. I can't even tell you how angry he bacame when he found out that I and all of my staff and boses were being forced to train people from India to take all of our jobs and we were subsequently forced out of our jobs.
If Hravrd is serious about investing in "sustainanbilty" and in "ethical investing" than it shoud send any holdings in State Street Corp (STT) or its affiliated mutual funds - the SSgA Fund family to send a message that "sustainabilty" also goes for US employment, and that the future of America's children is more important than jay Hooley's or Allen Greens's stock options...
http://www.wgbh.org/programs/Greater-Boston-11/episodes/July-19-2012State-Street-outsourcing-40276
A continuation of the ongoing dweebification of Hahvud.
You never hear about this kind of nonsense from MIT, I notice.
If Harvard wants to make a profound difference it will disinvest entirely in India until India changes its practices and laws that make it entirely acceptable to rape, beat and murder women.
After all, didn't Harvard disinvest in South Africa until apartheid ended?
I hope the new VP takes this seriously.