Word: memos
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Reached while vacationing in Scotland, Green, now the Leverett professor of political economy, said of the memo, "I think it speaks for itself...
...Green's memo criticized the benefits changes generally for not taking long-term factors sufficiently into account...
...Policies that will not stand us in good stead have been included due to short-term considerations or political expediency," the memo read. "The neglect of longer-term, indirect, effects of policies is a serious defect of the package of changes you have put forward...
...memo did not mention any of Green's opinions of the financial soundness of the plan, but he was critical of that aspect in a short piece in the latest Harvard Magazine...
...memo, Green outlined three principles that he said he believes must be reflected in a "sound" benefits system: benefits are "a highly tax-advantaged form of compensation;" benefits can be used to influence the behavior of individuals "in the broader interest of institutional objectives" and large employers such as the University can use their market power to obtain group benefits unavailable to individuals...