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THE MONEY LORDS OF HARVARD: HOW THE MONEY WORKS AT THE WORLD'S RICHEST
UNIVERSITY
         by Catherine Austin Fitts � 2000
All rights reserved

Our task is to look at the world and see it whole.
                               - E.F. Schumacher
I. WHO RUNS HARVARD? How the Harvard Governance System Works.
We have not journeyed all this way across the centuries, across the oceans,
across the mountains, across the prairies, because we are made of sugar
candy. - Winston Churchill

The governance of Harvard and its endowment are described on the University's
web page by the following chart. Harvard University is governed by two
boards: The President and seven Fellows of Harvard College, or the Harvard
Corporation and the Board of Overseers. The Corporation is self-perpetuating,
filling its vacancies itself, with the consent of the Board of Overseers.
Overseers are elected by the alumni at large. Harvard Corporation oversees
the Harvard Management, the company that manages the endowment, and Harvard
College.

Departments in italics are separately incorporated. The President of Harvard
is also a member of the board of the Harvard Corporation. The University
Administration includes those departments under the President, Provost and
Vice Presidents in support of University-wide functions.
Sources: http://vpf-web.harvard.edu/factbook/95-96/page2.htm and http://www.ha
rvard.edu
II. WHO'S WHO: THE PRESIDENT AND SEVEN HARVARD FELLOWS.

Remember, remember always, that all of us . . . are descended from
immigrants and revolutionists.
                                          � Franklin D. Roosevelt
Based on the last available list on the website, and updates, the President
and seven fellows are:

Mr. Neil L. Rudenstine, BA (summa cum laude), Princeton, 1956; BA (Rhodes
Scholar), 1959, M.A., Oxford University, 1963; Ph.D., Harvard, 1964.
President, Harvard University.

Mr. D. Ronald Daniel, BA, Wesleyan, 1952; MBA, Harvard, 1954, DHL (Honorary)
Wesleyan, 1988 Treasurer, Harvard College, 1989-present Member, Corporation
Committee on Shareholder Responsibility Chairman, Harvard Management Company
Member, the Executive Committee, Committee on University Resources Chairman,
Board of Fellows, Harvard Medical School.

Professor Hanna H. Gray, BA, Bryn Mawr College, 1950; PhD,  Harvard, 1957;
Fellow of Harvard College, 1997-present; Overseer, Harvard, 1988-1994; Chair,
Advisory Committee on Honorary Degrees, Harvard, 1997-present; Member, Joint
Committee on Appointments, 1997-present; former Member, Committee to Review
the Visitation Process; former  Member, Committee to Visit the Department of
History, 1989-1994 ; Judson Distinguished Service Professor of History,  the
University of Chicago; President, University of Chicago, 1978 -1993.

Conrad K. Harper, BA, Howard University, 1962, Harvard Law 1965. Attorney
with NAACP Legal Defense and Educational Fund , Simpson Thacher & Bartlett,
associate (1971-74) and then partner (1974-93 ; 1996-date ). Legal advisor,
U.S. Department of State , 1993-96 Former President , Association of the Bar
of the City of New York (1990-92), Harper is a fellow of the American College
of Trial Lawyers, a council member and second vice president of the American
Law Institute, a member of the executive committee of the American
Arbitration Association, and a trustee and former co-chair of the Lawyers'
Committee for Civil Rights Under Law. He also has been closely associated
with a number of international law organizations, serving, for example, as a
member of the Permanent Court of Arbitration at The Hague.
Over the years, Harper has remained closely connected to the world of higher
education. He has at various times served as a visiting lecturer at Yale Law
School and at Rutgers Law School, as a member of the board of visitors at
Fordham Law School and at the City University of New York, as a member of the
board of the Institute of International Education, as a director of Phi Beta
Kappa Associates, as a member of the board of managers of Yale's Lewis
Walpole Library (18th-century British collections), and as a trustee of the
William Nelson Cromwell Foundation (legal history). He is a trustee of the
Metropolitan Museum of Art, and he served in the early 1990s as chairman of
the executive committee and vice chairman of the board of the New York Public
Library. From 1987 to 1992 he was chancellor of the Episcopal Diocese of New
York.

James R. Houghton, AB, Harvard, 1958; MBA, Harvard, 1962; Fellow of Harvard
College, 1995-present. Member, Joint Committee on Inspection, Harvard,
1995-present. Member, Committee on University Resources, Harvard,
1976-present. Member, the Executive Committee of the Committee on University
Resources, Harvard.  Former Member, Committee to Visit The College, Harvard,
1980-86. Treasurer, Class of 1958, Harvard, 1958-present. Chairman Emeritus
of Corning, Inc., where he served as Chairman and CEO from 1983 to 1996.

Robert G. Stone Jr., AB, Harvard, 1945 (47); Fellow of Harvard College,
1975-present. Chairman, Joint Committee on Inspection, Harvard, 1985-95.
Member, Corporation Committee on Shareholder Responsibility, Harvard,
1985-present (Chair, 1995-present.; Chairman, Committee on University
Resources, Harvard, 1975-present. Member, 1945 Permanent Class Committee,
Harvard. Former Chairman and CEO of the Kirby Corporation;

Herbert S. "Pug" Winokur, Jr. AB 1965 ('64); AM, 1965, PhD, 1967, Harvard.
Fellow of Harvard College and Chairman and CEO of Capricorn Holdings, Inc.
(See more detailed bibliography below).
Source: Various pages at Harvard's website at www.harvard.edu
III. WHO GETS TO PICK THE NEW PRESIDENT OF HARVARD?
                 I've found that you don't need to wear a necktie if you can
hit.

           � Ted Williams

On July 13, 2000, Harvard announced that it was starting a search for a new
President. The press release follows:

The Harvard Corporation has announced the start of the search for a successor
to President Neil L. Rudenstine, who recently announced his intention to
conclude his service at the close of the 2000-01 academic year, after a
decade in office.

Under the University charter, a new President is elected by the Corporation,
with the counsel and consent of the Board of Overseers. As in the 1990-91
search that culminated in the selection of President Rudenstine, the search
committee will consist of the six members of the Corporation other than the
President, together with three Overseers.

The search will include broad outreach to solicit advice and nominations from
members of the Harvard community and the wider world of higher education.
Before and during the academic year that starts in September, it is expected
that more than 300,000 letters will be sent to faculty, students, staff,
alumni, and others soliciting their views of the University and its future as
well as their counsel regarding the search. In addition, the committee plans
to meet with a variety of individuals and groups, both within and beyond
Harvard, in the months ahead.

"Our hope is to benefit from the perspectives and thoughtful counsel of a
very broad cross-section of the University community as we undertake this
task of extraordinary importance to  Harvard's future," said Robert G. Stone
Jr., the senior member of the Harvard Corporation and chair of the search
committee. "We encourage everyone who wishes to express a view to write to
us. Your advice will be a vital element of the process."

Correspondence regarding the search may be addressed to the Harvard
University Presidential Search Committee, Loeb House, 17 Quincy St.,
Cambridge, MA 02138. The search committee will hold the letters in strict
confidence.

The members of the search committee are:
Robert G. Stone, Jr., '45 ('47), chair, Senior Fellow of Harvard College and
former Chairman and CEO of the Kirby Corporation;
D. Ronald Daniel, MBA '54, Treasurer of the University and a Director of
McKinsey & Company, where he served as Managing Partner from 1976 to 1988;
Thomas E. Everhart, AB '53, Harvard Overseer and President Emeritus of the
California Institute of Technology;
Sharon Elliott Gagnon, PhD '72, President of the Harvard Board of Overseers
and former President of the Board of Regents of the University of Alaska;
Hanna Holborn Gray, PhD '57, Fellow of Harvard College and Judson
Distinguished Service Professor of History at the University of Chicago,
where she served as President from 1978 to 1993;
Conrad K. Harper, JD '65, Fellow of Harvard College, Partner at Simpson
Thacher & Bartlett, and former Legal Adviser to the U.S. State Department;
James R. Houghton, AB '58, MBA '62, Fellow of Harvard College and Chairman
Emeritus of Corning, Inc., where he served as Chairman and CEO from 1983 to
1996;
Richard E. Oldenburg, AB '54, Harvard Overseer, Honorary Chairman of
Sotheby's North and South America, and Director Emeritus of the Museum of
Modern Art; and
Herbert S. Winokur Jr., AB '65 ('64), AM '65, PhD '67, Fellow of Harvard
College and Chairman and CEO of Capricorn Holdings, Inc. [Author's note: see
detailed biography below.]

Source: Press release at Harvard's website at www.harvard.edu
IV. WHO MANAGES HARVARD'S $$$$$?

Omission is the most powerful form of lie.
                                                         �George Orwell
The Harvard Fellows oversee the Treasurer and the Harvard Management Company,
which manage the investment of Harvard's endowment. The Endowment had a value
of $14.5 billion as of June 1999. Click here.
(URL: http://vpf-web.harvard.edu/factbook/99-00/page38a.htm)

Harvard' s Endowment makes Harvard the richest university in the world.
Harvard Management Company has a board, members of which are not disclosed on
the University website that we were able to locate, nor is there a link to a
website for Harvard Management. There is little disclosure on the Endowment
aside from size and overall historical performance. The Endowment's
investment activities and how these investments relate to a series of issues
is not disclosed or discussed. No provisions are described as to how
investments relate to whom is donating money to the University,  whom
influences substantial government and private grants and contracts to the
university and its affiliates, or the various public and private policy
issues that the University and its faculty and staff are taking as its
members cycle in and out of government or advising those who do.

Robert G. Stone, Jr. is chair of the Committee on University Resources and a
former member of the Corporation Committee on Shareholder Responsibility.

The current Treasurer of the Harvard Corporation overseeing Harvard
Management Company is Ronald Daniel, MBA '54, who is a Director of McKinsey &
Company, where he served as Managing Partner from 1976 to 1988. (
http://www.mckinsey.com )

Because of Herbert ("Pug") Winokur's role as a Fellow as well as a member of
the board of Harvard Management, while co-investing with Harvard's Endowment,
a more detailed biography regarding Pug, his company Capricorn Holdings,  and
his investment activities is provided several sections below.

A 1998 article about Harvard's Endowment by the Boston Globe described
Harvard's fundraising, investment operations and conservative payout of
endowment earnings (that means a large portion of investment earnings and
capital gains are reinvested in the endowment and available for new
investments rather than being spent on ongoing educational activities of the
University).  A look at Harvard's payout ratio compared to that of other
universities and endowments illuminates the degree to which the Fellows of
Harvard are running both  a university  and an investment operation of
influence in the capital markets globally. In an endowment operation,
donations are tax-deductible and earnings can be compounded tax-free over the
years in a powerful way, amassing great wealth over time.  Click to read the
article.
The Harvard Gazette in its September 23, 1999 article described the
Endowment's performance over the prior period. Click to read the article.  The
 endowment's overall historical performance  information is also available. Cl
ick to view.
(URL: http://vpf-web.harvard.edu/factbook/99-00/page39.htm)

No information appears to be available on Harvard's website as to how Harvard
Management compensates its in-house or out-of-house money managers, with the
exception of one article describing the departure of equity manager Jonathon
S. Jacobson, M.B.A. '87 (after he had been paid $6.1 million the prior year)
along with the departure of Harvard Management Company's PrivateCapital
Group. This article provides some information on performance based
compensation policies at the time. Click to read the article.
(URL: http://www.harvard-magazine.com/issues/so96/jhj.millions.html)

At that time, Michael Eisenson, head of Harvard's PrivateCapital group, and
about 30 colleagues formed a separate firm., Charlesbank Capital Partners.
Mike Eisenson was the Harvard representative on the Harken Energy and NHP &
WMF (HUD Housing and Mortgage Finance) boards, along with Harvard fellow, Pug
Winokur. (See descriptions below) A later posting for interns at the Harvard
employment office indicates that "Charlesbank Capital Partners has recently
been set up by the Harvard Management Company to invest in alternative
investments including real estate. Charlesbank oversees $1.8 billion in real
estate and private equities on behalf of the Harvard Management Company which
invests on behalf of Harvard Endowment."
At that time, Michael Eisenson, head of Harvard's "PrivateCapital Group," and
about 30 colleagues formed a separate firm, Charlesbank Capital Partners.
Mike Eisenson was the Harvard representative on the Harken Energy board and,
and along with Harvard Fellow Pug Winokur, served on the boards of the
National Housing Partnership ("NHP") and WMF Group, Inc. ("WMF") (the latter
two companies representing investments in HUD housing and mortgage finance
related assets -- see descriptions of NHP and WMF below). A later posting for
interns at the Harvard employment office states:


Charlesbank Capital Partners has recently been set up by the Harvard
Management Company to invest in alternative investments including real
estate. Charlesbank oversees $1.8 billion in real estate and private equities
on behalf of the Harvard Management Company which invests on behalf of
Harvard Endowment.

While Eisenson  and Pug Winokur in their capacities as directors of these
private corporations appear to have divested their respective portfolios of
HUD housing and mortgage banking investments (selling NHP, Inc. to AIMCO in
1997 and selling the mortgage company, WMF Group, Inc to Prudential this
year), Harvard appears to continue to be invested in Harken Energy.
Harvard's Kennedy School has been active in housing and similar policy issues
in Washington and with media leaders just as it has been with respect to
Russian policies.  At the same time, Harvard's endowment was investing in
assets whose values were impacted by such policies.  (Click to view the
Kennedy School web site (URL: http://www.ksg.harvard.edu/ )

Harvard Business School has made famous the case study method of teaching.
The idea is that to learn what is really going on, one should look at a few
real events in detail. Below are three suggestions for potential case studies
that students and faculty at Harvard Business and Harvard Law could research
and use to look at the various issues related to the investment of a large
endowment of a large and active University

Sources: Various articles provided at Harvard's website at URL:
www.harvard.edu; see the Boston Globe article referenced above, Click, and
Securities & Exchange Commission filings for Harken Energy, NHP, Inc. and WMF
Group, Inc.  Click here for SEC documents at Free Edgar, URL:
http://www.freeedgar.com/  and, for subscribers, view Edgar-On Line at URL:
http://www.edgar-online.com/

V. CASE STUDY #1: GEORGE W. BUSH'S CONNECTION TO THE HARVARD ENDOWMENT.
Those who are awake live in a state of constant amazement.

   � The Buddha
The Harvard connections to the Bush family fortune through Harken Energy were
revealed by Joe Conason in Harper's Magazine (February 2000) Notes On A
Native Son: The George W. Bush Story. Click to read the article.

(URL: ( http://www.harpers.org/ )
In his article, The Buying of the President 2000, Charles Lewis, at the
Center for Public Integrity, also noted Harvard's role in Bush's success in
the oil industry, adding new information on Harvard's possible role in
facilitating George W. Bush's sale of his Harken stock: Click to read the
article.
(URL: http://www.publicintegrity.org/)
VI. CASE STUDY #2: PUG WINOKUR AND HARVARD, HUD, THE  WAR ON DRUGS IN THE US
AND COLUMBIA

The reputation of a thousand years may be determined by the conduct of one
hour.
                                             - Japanese proverb
I met Mike Eisenson and Pug Winokur in the early 1990s  when my company was
performing consulting work  with  respect to the HUD  related  housing
investments of NHP, Inc. and NHP's mortgage banking subsidiary, WMF Group,
Inc. Their roles were members of the board and investors.

Some of my dealings with NHP---- and its opposition to community access to
technology and private equity capital---- have been described in the first
three parts of a four part series on one of my investments during that
period, Edgewood Technology Services. See "The Story of Edgewood Technology
Services -  or How I Lost $100 Million Discovering Who Makes Money Making
Sure the Popsicle Index Does Not Go Up"
(http://www.solari.com/action/articles/index.html ).

The Edgewood story tells of an opportunity missed to make education,
entrepreneurship and equity capital accessible at low cost to 63,000
communities in a manner that would benefit taxpayers, homeowners, communities
and pension fund beneficiaries and other large and small investors alike. If
ever there was a demonstration of why wealth is shifting to elites, this
intentional effort to use taxpayers resources to deny citizens access to
their own tools and knowledge was it.

HUD housing was my first experience in seeing what I thought to be highly
professional equity investors ensure that harmful government policies were
implemented to guarantee them capital gains.

Harvard's capital gains, first on the sale of its interest in NHP in 1997,
and then on the operation and sale of WMF, their HUD mortgage banking
operation,  were wonderful for Harvard and Pug Winokur's company Capricorn
Holdings, but came at the cost of government policies harmful ---and
unnecessarily so---to both taxpayers, homeowners and communities. What was
most surprising to me was how much money taxpayers and homeowners had to lose
to satisfy the private housing industry's appetite for short term capital
gains, when alternative policies and business plans were available that could
have ensured success for all concerned.

A review of the Harvard Endowment's performance in 1997, when Harvard and Pug
Winokur's company Capricorn sold NHP, Inc., shows the highest capital gains
increase (22.1%) in the Harvard Endowment since 1986. Given Harvard's
description of its performance based compensation plan, the NHP sale would
have generated generous bonuses for Mike Eisenson and his group. Click to
view.
(URL: http://vpf-web.harvard.edu/factbook/99-00/page39.htm)

Since we have no information as to whether Harvard is one of the investors
funding Pug Winokur's investment partnerships at Capricorn, we do not know if
additional profits flowed to Harvard or its affiliates through any investment
they may have in Pug's investment partnerships.
Each of the regulators overseeing these operations (i.e., HUD investments) on
behalf of taxpayers during this period, HUD Assistant Secretaries of
Housing/FHA Commissioners Nicolas Retsinas and  William Apgar, held a
position at Harvard's Kennedy School of Government, in one case before
service at HUD and in one case after leaving HUD. The relationships and
exchanges of personnel among HUD, the Office of Management and Budget, which
oversaw the HUD policies closely, the Clinton Administration and Harvard were
numerous. Click to view HUD's website. URL: http://www.hud.gov)  Click to
view the OMB's website. URL: http://www.whitehouse.gov/OMB/

My surprise at Harvard's and Pug's conduct regarding their HUD investments
was nothing compared to my surprise at the attempts of the Department of
Justice (DOJ)  and HUD attempting to seize back $4.7 billion of HUD loan
sales from Goldman Sachs and PNC, on a trumped up allegation that my company
as financial advisor had engaged in insider trading with these bidders. This
allegation had been found baseless by HUD's own auditors and was not
mechanically possible given the design of the loan sales bidding process. Clic
k to view the DOJ's web site.
URL: http://www.usdoj.gov/

This situation offered me the opportunity to learn about the growing DOJ and
HUD revenue generating enforcement operations through asset forfeiture and
civil money penalties associated with the War on Drugs in neighborhoods
financed and subsidized by HUD.
Pug Winokur through his position as Chairman of the board of directors of
DynCorp (Click. URL: http://www.dyncorp.com), played a leadership role in the
"War on Drugs" at the Department of Justice because --among other things --
DynCorp served as the lead contractor to the Department of Justice's Asset
Forfeiture Fund (Click. URL:
http://www.usdoj.gov/criminal/publicdocs/11-1asof/11-1asof.htm ). This
occurred while Pug was DnyCorp's Chairman and the lead investor. (To
understand the issues regarding asset forfeiture, read Kelly O'Meara's
article, Dirty Dollars in Insight Magazine. Click. URL:
http://www.insightmag.com/archive/200005150.shtml

DynCorp has a $600 million government contract to provide support to the War
on Drugs in Colombia, Peru and Bolivia. A year ago I attended a presentation
of three women from Bolivia, Columbia and Peru who had come with a
Philadelphia Women's group to meet with Congress to tell them the truth of
what was happening in the War on Drugs in these countries. I asked them many
questions about who got control of the land as they were moved off it by the
US financed and advised military. Finally, one of the women asked me  how I
understood so clearly what was going on in their countries when I had never
been there. My response: because apparently the War on  Drugs and asset
forfeiture process as it related to land and real estate accumulation by
private investors worked the same in their countries as in mine.

That was before I learned that DynCorp was doing the knowledge management for
enforcement and forfeiture operations as part of the War on Drugs in all four
countries.

DynCorp had numerous contracts at DOJ. DynCorp had been one of the
contractors who assumed responsibility for the PROMIS case management system
at DOJ when the DOJ breached its contract with INSLAW. The use of Promis
software to access worldwide banking records--- bypassing most if not all
privacy laws--- is alleged to have given the intelligence and enforcement
agencies the power to stop most illegal drugs trafficking long ago. ( See the
fictional account in Black Money by Michael Thomas.) If true, it raises
powerful questions about the real purpose behind the " War on Drugs" both in
the US and Latin America as well as the transactional and ethical integrity
of the global financial system. (Click to read the Electronic Freedom
Foundation's Archive re: Inslaw. URL: http://www.eff.org/pub/Legal/Cases/INSLA
W/ ). It also raises whole new questions about Executive Order 12333 and the
shift during the Reagan and Bush years of our national security intelligence
infrastructure and technology into private hands, such as DynCorp, as part of
the events that have come to be referred to as "Iran-Contra." (For a review
of some of these events, see the Solari chronology at
http://www.solari.com/action/chronology.html ).
DynCorp's role at  DOJ in enforcement support and asset forfeiture was
complemented by DynCorp's contracts at HUD:

*   a subcontractor to Lockheed Martin (Lockheed is listed as the largest
defense contractor in the US; DynCorp is listed as the 22nd largest by
Alexander Cockburn)  (Click to view the description of Lockheed's board of
directors.) Lockheed's board of directors manages the HUD computer and
information systems; and

*   as of the year 2000, in charge of knowledge management and systems for
the HUD Inspector General, who, through Operation Safe Home, is active with
the DOJ asset forfeiture operations and those of the various US Attorney's
offices that are active in this area around the country. This contract was
awarded to DynCorp shortly after Harvard and Capricorn announced the sale of
their HUD mortgage banking operation, WMF, Inc., to Prudential.
For those interested in seeing the relationship of the stock market, the
federal government and our financial economic addiction to "cocaine capital"
and warfare, Pug's career and many responsibilities and roles make for an
interesting case study.


Click here to read the "WHO IS PUG WINOKUR" DATA DUMP
Topics included:
I.    PUG WINOKUR'S BACKGROUND. Click.
II.   MORE ON THE PLAYERS IN PUG'S BACKGROUND. Click.
III.  AREAS WORTH RESEARCHING. Click.
Sources: Securities & Exchange Filings available at Edgar On-Line, Edgewood
Articles available at www.solari.com, various articles on the Harvard Website
at www.harvard.edu and websites of companies listed on Corporate Watch's
website at www.corpwatch.org.
VI. CASE STUDY #3: HARVARD, RUSSIA, BONY & THE RUSSIAN MOB
FIRST you get the money, THEN you get the power, THEN you get the women.

          � Al Pacino in �Scarface�

Read Mike Ruppert's wonderful article in From the Wilderness on money
laundering of Russian IMF funding and organized crime profits through the
Bank of New York, "The Bank of New York Laundromat."  It is excellent
background regarding US  policies in Russia and US/Russia mutual money
laundering in recent years.
(Click. URL: http://www.copvcia.com/bony.htm ).
For an overview of money laundering in America, one of America's most
profitable financial sector, see Kelly O'Meara's recent article, Dirty
Dollars. Click.
URL: http://www.insightmag.com/archive/200005150.shtml

Anne Williamson's recent writings and testimony have spoken specifically to
Harvard (Click to read. URL:
http://www.zolatimes.com/V4.31/williamson_russia.html), to the Harvard
Endowment's role (Click to read.) and to the extraordinary outflow of capital
from Russia to the US during this period. (Click to read). The search
function on Harvard's website can provide additional information on the
specific Harvard faculty and staff mentioned. (Click to search Harvard's
website.
URL: http://search.harvard.edu:8765/).
Sources: From the Wilderness publications, Kelly O'Meara at Insight Magazine,
Zola Times and The Wander of the National Catholic Weekly.
VII. SOLARI VOTING: WHAT CAN YOU DO

 Leadership is a spiritual indication of the proper course of action.
                                                                  � Old
Quaker Saying
As to the history of the Revolution, my ideas may be peculiar, perhaps
singular. What do We Mean by the Revolution? The War? That was no part of the
Revolution. It was only an Effect and Consequence of it. The Revolution was
in the minds of the People...
                                                                  � John Adams
Did you go to Harvard?
Did a family member or friend or neighbor attend Harvard? Send him or her
this NewsMakingNews' series on Harvard.

Do you participate in Harvard related lists servers or alumni or email
networks?  Send them this NewsMakingNews'  series on Harvard.

Do you or your family or your friends donate money or participate in alumni
activities? Does your company recruit at Harvard? Does your agency or
foundation invest in grants or contracts or subsidies with Harvard, whether
the College, Harvard Business School, Harvard Law School, or the Kennedy
School of Government or Harvard' s numerous affiliates?

If you engage with Harvard in any way, this gives you the ability to "vote"
with your resources and to ask Harvard for the information you need to
understand and make wise choices about how you can best invest in and support
both Harvard and your values. Forward this NewMakingNews' series on Harvard
on to those who participate with you in these activities.

At Solari we believe that we vote with our resources: how we spend our time,
who we pay attention to, whom we give money to, whom we invest in, where we
deposit our money, and so forth. Harvard University is a large network that
receives support from --- and engages with --- many different places and
people. That means it has many activities --- and often complex and both
independent and interdependent operations --- and its leadership will value
feedback on how it is doing.

If you would like to encourage Harvard to provide greater disclosure on how
the money works at Harvard and Harvard Endowment, or to provide more
information about the proposed Case Studies described above, or to provide
mechanisms to help Harvard's leadership and staff ensure that Harvard's
Endowment is managed according to what you believe to be the highest
standards of fiduciary principles and stewardship, there are numerous avenues
to express your thoughts and provide the Harvard leadership with useful
feedback or requests in a positive manner.

For example, the decisions and actions of the President and the Fellows of
Harvard are reviewed and approved by the Board of Overseers who---with 30
members--- are elected by the Harvard's graduates. As a result, they have the
authority  to influence policy based on alumnae initiatives and wishes. Why
not email them a copy of the NewsMakingNews' series on Harvard?
For a description of the Board's Overseers structure and scope of governance,
see http://www.news.harvard.edu/gazette/1999/02.25/overseers.html.

Based on various announcements on Harvard's website, we believe members of
the Board of Overseers include:
Sharon Elliott Gagnon, A.M. '65, Ph.D. '72, President, a civic leader who is
the former president of the board of regents of the University of Alaska, and
of the Harvard Alumni Association.
Joan Morthland Hutchins (Past President)
Steven A. Schroeder,
M. Lee Pelton
Aida M. Alvarez,
Franklin W. Hobbs IV, former President, Dillon Read & Company
Patti B. Saris
Barbara Shultz Robinson
Thomas E. Everhart, AB '53, Harvard Overseer and President Emeritus of the
California Institute of Technology;
Sharon Elliott Gagnon
Richard E. Oldenburg, AB '54, Harvard Overseer, Honorary Chairman of
Sotheby's North and South America
Doris Kearns Goodwin
Robert D. Reischauer
J. Michael Bishop
Woodrow A. Myers Jr.
Updated information on the Board of Overseers and its activities and meetings
are available to all the Harvard graduates. Email addresses may also be
available.
For communications with the various leaders of the University, including
those responsible for fundraising, coordinating government grants and support
and communication with alumnae, here are the most commonly requested
addresses at Harvard: http://www.harvard.edu/help/noframes/faq12_nf.html

The only e-mail address I found posted on the Harvard website for any of the
fellows or management involved in Harvard Endowment policies or investments
was for Pug Winokur for those of you feel it is appropriate to e-mail Pug
directly at [EMAIL PROTECTED]
What Harvard grads do you know who worked at DOJ, HUD, IMF, WTO, or the Bank
of New York, or in the Clinton Administration or on Congressional Oversight
Committees during this period?  Send the NewsMakingNews'  series on Harvard
to them.

Remember the first step in all opportunities is an open and honest
conversation.
Harvard has a rich website that provides a great deal of information about
Harvard and its operations and affiliations. Some time at their website would
provide readers with lots of ideas on understanding and engaging with the
many parts of the Harvard community. Our thanks and compliments to the
Harvard webmaster for the large amount of disclosure that Harvard provides on
the school and the Harvard community.

If you did not go to Harvard or connect with Harvard in any way, now may be a
good time to take a look at the use of endowments and trusts at the school
that you attended  as well as those to which you have donated or those based
in your area. You can do this by yourself, or with a book or investment club
you participate in, or even link up with the many groups and list servers on
the web focused on integrating our investment decisions with other aspects of
our life and values. If Solari can help you do that, let me know at
[EMAIL PROTECTED]
In Leviticus in the Old Testament, it is said that we must take care of the
land, of each other and of ourselves. Solari's mission is to help you find a
way to make money and improve your performance goals by doing just that --
transforming your resources and the resources under your stewardship through
alignment with a more integrated approach to our neighbors, our world and
ourselves.

------------------------------------------------------------------------

Author: Catherine Austin Fitts � 2000 (All rights reserved)
http://www.solari.com
Catherine Austin Fitts is the President of Solari, Inc. She is a former
member of the Board of Directors and partner of Dillon Read & Company, a
former Assistant Secretary of Housing in the Bush Administration, and
President of The Hamilton Securities Group. Ms. Fitts is a member of The
Economics Club of New York and the board of the Friends Select School. She is
a graduate of the University of Pennsylvania (BA) and the Wharton School
(MBA).
 -----
Aloha, He'Ping,
Om, Shalom, Salaam.
Em Hotep, Peace Be,
All My Relations.
Omnia Bona Bonis,
Adieu, Adios, Aloha.
Amen.
Roads End

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