...9-201-129 REV: OCTOBER 23, 2001 Harvard Management Company (2001) In February 2001, Jack Meyer gazed out of his fifteenth floor office window at a cold Boston Harbor and reflected on the set of issues facing Harvard Management Company (HMC). The HMC Board would soon be reviewing the Policy Portfolio – the long-term asset mix that was designed to balance Harvard’s aversion to risk against its needs for long-term endowment returns. The Policy Portfolio was the cornerstone of endowment management at Harvard, the “neutral” portfolio mix that anchored the central tendency of actual asset allocations over time, as well as the benchmark against which actual performance was measured and incentive compensation was calculated. The Board was also interested in a variety of related issues, including the complexity of the investment strategies employed, the effectiveness of their risk controls, and the design and administration of their compensation systems. The Role of the Endowment Harvard University had been founded in 1636, and from the beginning its endowment played an important role in the financial structure of the institution. As of June 2000, the endowment managed by HMC totaled approximately $18.2 billion. Each of the various schools within the University owned “units” in the endowment, much like an individual would own shares in a mutual fund. Spending from the endowment was distributed pro-rata to all schools on the basis of the units each school owned. The annual spending from...
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...including Nature and Science. In 2004, Hotamisligil was able to demonstrate that excess fat, by itself can cause stress signals and medical problems. In the field of metabolic health and disease it is clear that Hotamisligil has played an extremely important role in its development, with his numerous contributions and many publications in the field. Since starting his career back in the 80s he helped to shape the modern view of metabolic health and took important steps towards understanding underlying causes of Type 2 diabetes and metabolic disease. 2. The agreements between Syndexa and Harvard were complex because the agreements required exemptions to many of Harvard’s internal policies and issues on conflicts of interest. Although both Harvard and Syndexa recognized that a simultaneous execution of a license and sponsored research agreement was necessary. The negotiations between Syndexa and Harvard was not atypical,...
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...Harvard University is a private Ivy League research university in Cambridge, Massachusetts, whose history, influence and wealth have made it one of the most prestigious universities in the world. Established in 1636 by the Massachusetts legislature and soon thereafter named for John Harvard (its first benefactor), Harvard is the United States' oldest institution of higher learning, and the Harvard Corporation (formally, the President and Fellows of Harvard College) is its first hired corporation. Although never formally united with any money, the early College primarily trained Congregationalist and Unitarian clergy. Its curriculum and student body were gradually secularized during the 18th century, and by the 19th century Harvard had emerged as the central cultural establishment among Boston elites. Following the American Civil War, President Charles W. Eliot's long tenure (1869–1909) transformed the college and affiliated professional schools into a modern research university; Harvard was a founding member of the Association of American Universities in 1900. James Bryant Conant led the university through the Great Depression and World War II and began to reform the curriculum and liberalize admissions after the war. The undergraduate college became coeducational after its 1977 merger with Radcliffe College. The University is organized into eleven separate academic units—ten faculties and the Radcliffe Institute for Advanced Study—with campuses throughout the Boston metropolitan...
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...Derek Bok Summary In the beginning of this article Derek Bok talks about how some colleges across the United States have problems with freedom of speech and racial tension. He begins to tell about how to students at Harvard University hung up two confederate flags on campus. Some students took that as offensive and racist. After that situation happened, a third student hung up a swastika to protest. A portion of the Harvard students urged to take the offensive symbols down, others wanted them to stay because they believed that it was free speech. Some universities came up with a code that makes these symbols banned because it hurts the feelings of others in the community. Bok claims that we should be able to tell the difference between what hurts our feelings and what is protected under the First Amendment. He says that even though speech is protected under the First Amendment does not mean it is right in any form or fashion. Bok says “I am sure that the vast majority of Harvard students believe that hanging a Confederate Flag in public view—or displaying a swastika—is insensitive and unwise”(p.70) Bok believes that these actions were insensitive. He thinks that just because we do not like a certain form of communication does not mean that we have the right to get rid of it. Cities do have the option to limit their amount of communication in the form of graffiti and too much noise, but confederate flags and swastikas are not under that category. Bok says “If we begin to...
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...Every step that is taken in the research process begins with the information that is gathered, documented, and even published so deviations may be within the law but are considered to be unethical practices. It is through researchers that new developments are made and may lead to better insight in things that others have already shed light and gathered information on. It is not uncommon for some researchers to taster between what is ethical and what is considered unethical. A psychology professor and scientist from Harvard University by the name of Marc Hauser had crossed the line between what was ethical and what was not. In an article that the Harvard Crimson ran September 2012 it stated that after a two year federal investigation, the Office of Research Integrity found this former Harvard psychology professor had doctored results of his research and was accused of 6 counts of research misconduct, lying about his data, and misrepresenting research methods in his Harvard lab in research that the National Institute of Health supported. {Jain, Sept} Marc Hauser conducted research that involved and was...
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...the Liberal Arts” William G. Perry Jr. of Harvard University in 1963, using a mix of anecdote and analysis, humor and seriousness, considers the different kinds of answers students tend to give on exams and how they reflect on different kinds and ways of thinking. Perry Jr. categorizes, questions, and attacks the academic arrogance that surrounds the age-old learning style of curriculum based instruction that is used throughout school systems. He uses key terms such as bull and cow. Besides, he uses emotive language that makes the essay rich of knowledge. He discusses the problem of the theory of knowledge in terms of grading "bull" and what he names "cow." The incident that impelled him to write is interesting. Briefly, one Mr. Metzger (a pseudonym for a Harvard student, class of '47) rocketed to celebrity/notoriety after impulsively and for no apparent reason taking an exam under the name Smith in a social science course for which he was not registered and which he had never attended. Cheerfully, I gather, he wrote an essay discussing a book he had never read. The scandal resulted when, because a real Smith was absent, Metzger's essay was graded and returned-with an A - . It is relevant to the resultant controversy that a conscientious friend of Metzger who had taken the course received a C+. Perry rose to the defense of the hapless section leader responsible by examining what he saw as the fundamental purpose of the university: that it "should teach students how to think;...
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...9 -2 1 1 -0 0 4 REV: MAY 30, 2012 ANDRÉ PEROLD ERIK STAFFORD Harvard Management Company (2010) In February 2010, Jane Mendillo gazed out of her 16th-floor office window at a cold Boston Harbor and reflected on the set of issues facing Harvard Management Company (HMC). Since her return to HMC as CEO in July 2008, Mendillo had successfully managed the endowment through the worst financial markets crisis in a generation. But that period had brought to the fore multiple issues facing Harvard’s endowment, and she wanted the lessons from the crisis to inform the decisions at the HMC board’s next meeting. The board members would soon be reviewing its policy portfolio along with the current positioning of the endowment. They were eager for an update on a variety of related issues, highlighted during the crisis, such as the allocation of the endowment between internal and external managers, the illiquidity of much of the endowment, the effectiveness of HMC’s risk controls, and coordination with the university regarding its liquidity needs and risk tolerance. The Role of the Endowment Harvard University had been founded in 1636, and from the beginning its endowment played an important role in the financial structure of the institution. As of June 2009, the endowment totaled $25 billion. Each school within the university owned units in the endowment, much like an individual would own shares in a mutual fund, and received distributions from the endowment (“spending”)...
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...MANAGEMENT REPORT BATNA Basics: Boost Your Power at the Bargaining Table www.pon.harvard.edu Negotiation Management Report #10 $50 (US) Negotiation Editorial Board Board members are leading negotiation faculty, researchers, and consultants affiliated with the Program on Negotiation at Harvard Law School. Max H. Bazerman Harvard Business School Iris Bohnet K ennedy School of Government, Harvard University Robert C. Bordone Harvard Law School John S. Hammond John S. Hammond & Associates Deborah M. Kolb Simmons School of Management David Lax Lax Sebenius, LLC Robert Mnookin Harvard Law School Bruce Patton Vantage Partners, LLC Jeswald Salacuse T he Fletcher School of Law and Diplomacy, Tufts University James Sebenius Harvard Business School Guhan Subramanian Harvard Law School and Harvard Business School Lawrence Susskind Massachusetts Institute of Technology About Negotiation The articles in this Special Report were previously published in Negotiation, a monthly newsletter for leaders and business professionals in every field. Negotiation is published by the Program on Negotiation at Harvard Law School, an interdisciplinary consortium that works to connect rigorous research and scholarship on negotiation and dispute resolution with a deep understanding of practice. For more information about the Program on Negotiation, our Executive Training programs, and the Negotiation newsletter, please visit www.pon.harvard...
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...Summary of Harvard Management Company (2010) By: Satrio Abi and Yanuar Budi Baskoro * Harvard Management Company Introduction: Harvard Management Company is a company which built by Harvard University itself. That means HMC is a wholly owned subsidiary of Harvard University. The company built for managing the financial matter and development of the university. Because the company is wholly owned by Harvard University, the Directors of HMC is directly choosen by President and Fellow of Harvard College. The function of HMC is for managing University’s financing especially endowment. Endowment become the important income for HMC. The main job of HMC is to earn money for the endowment. The management do some investment to get the endowment funds. They have the unique ways to do the investment which is using the Hybrid Theory. This case is focusing on the endowment. * Endowment: Why endowment become so important? Because the endowment fund is used for developing the university. The fund is for establishing new research program, creating more scholarship for student and buy some new art and collection. The fund also for increasing financial aid, reducing tuition fee for students and improve facilities for learning such as hiring new profesional academic intiatives or creating new laboratorium for research. The total value of endowment for 1990 until 2009 is increased continuosly. The total value in 1990 is $4.7 billion, in 1995 is $7 billion, in 2000 is $18.3 billion...
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...the act. Yet many in the hall do object, and Sandel, stalking the stage, scanning the room, wants to know why. When one student suggests that the act would have been justified had the boy, Richard Parker, consented, Sandel replies, in an amused tone: "What would that scenario look like? Dudley is there, penknife in hand, but instead of the prayer, or before the prayer, he says, 'Parker, would you mind?'" Students seem to think the proposed lottery would have justified the killing. Sandel probes: Can a fair process sanction something so abhorrent? And what if the loser changes his mind after the fact? What's more, doesn't the student who says "You shouldn't be eating human, anyway!" have a valid point? As many as a thousand students pack Harvard U.'s Sanders Theater for Michael Sandel's popular introductory course on moral and political philosophy. Sandel has taught the course, known as "Justice," since 1980. "I don't believe that it's possible fully to replicate the in-person...
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...PSY / 310 | Mary Whiton Calkins | Women In Psychology Paper | | Danielle R. Berg | 5/18/2014 | Select a woman who has made significant contributions to the field of psychology between the years 1850 and 1950. Obtain faculty approval of your selection prior to beginning this assignment. Prepare a 1,400- to 1,750-word paper in which you describe her background, theoretical perspective, and contributions to the field of psychology. | Mary Whiton Calkins was born on March, 30, 1863 to a Presbyterian Minister during a time when oppression of women would be stout during her growing up transitioning into adulthood. She overcame her own struggles and closed doors in regards to her schooling and succeeded in becoming the first female president of the American Psychological Association, but not without a supreme amount of perseverance. During the 19th century, women were thought to be inferior to men, not only physically but intellectually as well. Women could study on their own, but to be included in class as a student rather than a "guest" was next to impossible. Where men thought that education could cause harm to women, the actuality of it was that an educated woman could cause 'harm' to that belief. Mary Whiton Calkins would show the world that her place existed next to the greatness of any male peer within Psychology as she began her own story into the world. Thankfully her parents encouraged her to thrive towards education and overcoming the inferior stereotyping...
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...First Part of an Effective Summary: Article, Publisher, and Author Article name: usually appears as the top of the page and can also include the publisher Example: “Semicolons: A Love Story” from the New York Times Author name: appears beneath the title and should include the author’s position/title and a brief description; for print resources, you can usually find this information at the bottom of the article, on the back or front cover of the book, or in the “about the author” in the front or back of the book; for online resources, you can usually find this information by clicking on the author’s name, scrolling to the bottom of the article, or checking the “about” section on the website Example: Ben Dolnick, an author of several books and articles including “Zoology,” “You Know Who You Are,” and “Shelf-Love.” - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - First part of ineffective summary: In this article, the author talks about semicolons. First part of effective summary: In the article, “Semicolons: A Love Story” from the New York Times, Ben Dolnick, an author of several books and articles, including “Zoology,” “You Know Who You Are,” and “Shelf-Love,” talks about his love affair with semicolons. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -...
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...his live, likes his mother. Since his mother didn’t live out her dreams, she’s trying to live her life trough her son’s life. Close to the water’s edge is told with a 3rd person narrator and focuses on such themes as expectations, insecurity and family issues. The main character in the story is called ‘’Harvard. We do not get the main character's real name, but the boy’s stepfather, calls him ‘’Harvard’’, because he’s a student at Harvard university. ‘’Harvard’’ has left the university to come home to Florida to celebrate his 19th birthday with his family. ‘’Harvard’s’’ stepfather is a millionaire, and we get the impression that ‘’Harvard’s’’ mother only married the stepfather because of his money. ‘’You play your cards right and this could all be yours someday” she says.”He’s got no kids. You wonder why I married him, but I was thinking of you all along” Harvard doesn’t want to have all these goodies and power the money can bring him. He dislikes the felling of being better than his fellow people. Harvard cannot stand the expensive champagne and expensive cigars, as his stepfather always has around him. ‘’Harvard’’ is not a boy who fits the life as a rich man. Harvard enjoy the small intimate moments in life, such as drinking a beer with his classmates at a bar on a Friday night. The cold cufflinks as he got from his grandmother. The cufflinks are made of gold, but one day the steel underneath appears. The steel appears as the main character's real sexuality appears. The...
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...Negotiation at Harvard Law School Helping you build successful agreements and partnerships Business Negotiation Skills 5 Common Business Negotiation Mistakes In this Special Report, the experts and editors from Harvard’s Program on Negotiation offer advice from past issues of the Negotiation newsletter to help you avoid common pitfalls and build better relationships and agreements with your colleagues, clients, and those closest to you. You will learn to: ■Identify opportunities to expand the pie of resources. ■Take steps to ensure you don’t overvalue your assets. ■Guard against a backlash from less powerful parties. ■Gain a keener understanding of what you really want. ■Avoid being hurt by overcommitment to a deal. www.pon.harvard.edu $25 (US) Program on Negotiation at Harvard Law School Negotiation Editorial Board Board members are leading negotiation faculty, researchers, and consultants affiliated with the Program on Negotiation at Harvard Law School. Max H. Bazerman Harvard Business School Iris Bohnet Kennedy School of Government, Harvard University Robert C. Bordone Harvard Law School John S. Hammond John S. Hammond & Associates Deborah M. Kolb Simmons School of Management David Lax Lax Sebenius, LLC Robert Mnookin Harvard Law School Bruce Patton Vantage Partners, LLC Jeswald Salacuse The Fletcher School of Law and Diplomacy, Tufts University James Sebenius Harvard Business School Guhan Subramanian Harvard Law School and Harvard Business School...
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...The Harmful Effects of Grade Inflation on Individuals and Society Judy McCarthy DeVry University The Harmful Effects of Grade Inflation on Individuals and Society The Harvard Crimson reported last year that its average grade was A-, and its most common grade was A (Clarida & Fandos, 2013), news that was met with a variety of reactions from embarrassment on the part of the institution to scorn and derision from some, and cautious understanding from others. Most view Harvard’s practice as a result of increasingly relaxed grading procedures over time, resulting in reputedly diminished educational value where it is commonly assumed that “everyone gets an A.” Critics claim that if everyone receives high grades, it is because the curriculum is undemanding, and standards need to be raised; and they are not buying the argument that admission standards at Harvard are high; and, therefore, high grades can be legitimately expected. Harvard is not the only example of institutions ladling out high grades. Our current grading system attempts to place students in a spectrum from good to bad, A-F, based on the results of standardized tests, which measure cognitive skills and attach a metric to them. Proponents argue that a test- and metrics-based system, although imperfect, is still the best standard we have for assessing student learning. They argue that specific practices cause grade inflation, and insist that by addressing them, the problem can be solved. Although a variety...
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