Word: arcos
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...ARCO President Thornton Bradshaw '40, and Director Frank Stanton were the Kennedy School's intermediaries with the ARCO Foundation. Both company officers are members of the School's Visiting Committee. The Kennedy School agreed to the ARCO name in 1977 in return for a contribution of $1.1 million, which equals only 0.16 per cent of ARCO's after-tax profits that year...
...association with Harvard is clearly a bargain for ARCO. But the money involved should not be enough to persuade Harvard to lend its prestige to this unsavory outfit or to compromise its own integrity...
...Kennedy School did not review ARCO's legal record or consider the possibility that future crimes by the company could bring Harvard disrepute. This may prove a serious oversight. Through the years, ARCO has been accused many times of willful violations of the law (see inset for charges and civil settlements). Still more significant for a Public Affairs Forum is the political thrust of much of ARCO's activity...
...have been possible at the School without the Forum. But he admitted that if the Forum bore the name of a partisan political group rather than a corporation, this might tarnish its impartiality in the public eye. He does not know of any investigation by the School into ARCO's political activities...
...School studied ARCO's record before adopting its name, it would have found, in addition to sometimes overzealous profit-making, an active involvement in legitimate politics. The company advances its interests through its officers and its own political committee...