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...Cambridge spoke in opposition to the proposal, some holding signs that read “Too Big, Too Close, Too Toxic.” They alleged that the rezoning would allow overly tall buildings and the construction of labs handling airborne pathogens. ARE—a Pasadena, Calif.-based company??had developed and leased 166 biotechnology labspaces in the United States and Canada as of Dec. 2008. The biotech developer began petitioning for the East Cambridge zoning change in May 2008, but is not obligated to buy any Cambridge land by yesterday’s decision. Cambridge already...

Author: By Sarah J. Howland, CRIMSON STAFF WRITER | Title: Cambridge Council Approves Rezoning | 2/10/2009 | See Source »

Harvard Management Company??the investment group charged with managing the University’s endowment—announced Friday that it will reduce staff levels by roughly 25 percent in the coming months. In an effort to “re-balance and re-engineer the organization,” reductions will include investment professionals as well as “back office” and support personnel, according to University spokesman John D. Longbrake. HMC—which currently employs more than 200 people—has faced heightened scrutiny in recent months as University officials prepare...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Recent Hirings Dropped from HMC | 2/9/2009 | See Source »

...economic collapse,” said conference organizer Jonathan F. Bowman ’11. The Harvard and Yale student groups that co-hosted the conference first connected through a nationwide campaign against investment in HEI Hotels and Resorts, a private equity company that buys and sells hotels. The company??which faces ongoing labor disputes for mistreatment of its workers—draws 80 percent of its funding from endowments, including those of Harvard and Yale. “HEI is a piece of evidence, but the broader picture is responsibility for the whole endowment. [Bowman] put together...

Author: By Evan T. R. Rosenman, CRIMSON STAFF WRITER | Title: SLAM Hosts Endowment Event | 2/9/2009 | See Source »

...prior to the recent economic meltdown, such greed was never an issue for the public. Bernard Madoff’s investors did not care if their money fueled a Ponzi scheme as long as they received their regular returns. Shareholders of Merrill Lynch were unbothered as the company??s managers liberally applied corporate funds to beautify their offices, as long as they were paid their quarterly dividends...

Author: By Shankar Ramaswamy | Title: Greed Is Good | 2/8/2009 | See Source »

...move the world.” Ragon soon funded Walker’s project in South Africa, and the two continued to discuss how to fund research for a vaccine on a larger, more innovative scale. An MIT graduate who founded InterSystems Corporation—a Cambridge-based software company??Ragon said the donation was designed to combat the lack of collaboration in research. “What’s really been lacking in biomedical research in general and HIV specifically is a lack of an interdisciplinary approach,” Ragon said. “Everything...

Author: By Laura G. Mirviss, CRIMSON STAFF WRITER | Title: Mass. General Gets $100M Gift | 2/5/2009 | See Source »

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