Word: scandalously
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Three years after a scandal in Russia made it infamous and nearly three weeks after a faculty task force recommended its demise, Provost Harvey V. Fineberg '67 announced Friday that the Harvard Institute for International Development will be dissolved...
...Scandal in Russia...
...light of the scandal, AID rescinded the remaining $14 million of their $57 million fund for the project. HIID terminated both Hay and Schleifer. However, Schleifer remains a tenured professor of economics at the University...
...Justice Department investigation into the events in Russia is ongoing. The University denies the Russia scandal has anything to do with HIID's dissolution...
...developing world. The institute had 20 overseas offices and 25 more international programs headquartered in Cambridge and an annual budget of over $34 million--more than some of Harvard's graduate schools. Unwieldy and hard to manage, HIID had been tarnished in recent years by allegations of scandal and corruption in Russia...