Harvard enjoys a massive endowment of over $53 billion – but there’s a dark side to all that wealth. On March 5, Harvard Management Company, which runs the famed university’s endowment, named a new member to its board of directors, and he’s a top executive at a company with deep ties to China and Saudi Arabia, two nations notorious for human rights violations.
As always, the watchword should be follow the money. Martin Escobari, co-president and head of “Global Growth Equity” at General Atlantic, one of the largest private equity firms in the world, is the newest member of the board at Harvard Management Co., which oversees the vast treasure chest. General Atlantic’s business vision just happens to dovetail perfectly with Harvard’s funding and international partnerships. It’s all one ecosystem.
Mideast Money Pipeline
“Harvard…
