Reply #2: hope he copied some documents re Harken-Bu$h-Harvard [View All]

[cosmicdot]

before departing


The Bush Harken Insider Trading Collection

Don't let Bush fool you, he's as slimy a businessman as any that ran Enron.

http://www.buzzflash.com/perspectives/bush_harken.html


Harvard invested heavily in Harken

By Beth Healy and Michael Kranish, Globe Staff, 10/30/2002

It was a moment of deep embarrassment in 1991 when Harvard University's prestigious endowment fund admitted it had just experienced its worst loss ever. Jack Meyer, Harvard Management Co. president, said at the time he hoped the fund would never again take such a big hit, a $200 million write-down.

Back then there was relatively little focus on one major reason for the loss: Harvard Management's large and ill-timed bet on little-known Harken Energy Co., whose board included George W. Bush, then the son of the US president and now the president himself. Even as losses mounted, Harvard Management bailed out the troubled company, first by splitting up Harken and then by sheltering Harken's liabilities in a partnership.

Indeed, even as Bush was dumping the bulk of his Harken holdings - about $848,000 in stock sold to a buyer whose name has never been disclosed - Harvard Management plowed millions more into the firm.

Several former Harvard Management officials said in interviews that they wanted to pull out of the Harken deal, but they said one man in particular - Harvard Management executive and Harken director Michael Eisenson - resolutely insisted he could turn around the investment by pumping more money into it.

~snip~

http://web.archive.org/web/20021108172042/http://www.boston.com/dailyglobe2/303/nation/Harvard_invested_heavily_in_Harken+.shtml