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Harvard Management Company??€”which oversees Harvard’s multi-billion dollar endowment—was plagued by a culture of ethical laxity, Rose said. Special relationships with funds run by former employees and the use of offshore investment companies—both used to boost HMC’s once-legendary returns—may not be illegal, but are considered to be ethically questionable by some, particularly in light of Harvard’s non-profit status...
While Rose only served as a tax director for a year at HMC before resigning, he previously helped prepare the company??€™s taxes for ten years as an independent contractor. Although he had never noticed any suspect activity at HMC before—he said he was simply given data from which to produce returns—his new position’s oversight and personnel access provided him with information that gradually coalesced into broader—and more disturbing—insights into the company??€™s complex network of operations...
...Throughout the month of April, the company??€”in partnership with environmental awareness organization Global ReLeaf—will also plant a tree for every jar of A Perfect World Antioxidant moisturizer that Origins sells...
...Although these programs were implemented in honor of Earth Month, Leonard said that Origins’ green initiatives are part of a broader commitment to the environment. According to the company??€™s Web site, all Origins products are manufactured using renewable resources, wind energy, and earth-friendly practices, using recycled materials wherever possible...
Amidst public outrage over Facebook.com’s storage of user information on its server, Facebook has recently encouraged its users to vote on possible changes to the Web site’s terms of service. In a post on the company??€™s blog on Thursday, Facebook CEO and founder Mark E. Zuckerberg ’06-’07 explained that if more than 30 percent of Facebook’s 200 million active users voted on the proposals, all of Facebook’s future amendments would go through the same voting process. Users...