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Friday, December 16, 2023
  Blood Money?
Harvard's decision to accept $20 million from a Saudi prince is stirring up controversy; the Crimson reports that New York congressman Anthony Weiner has written a letter to Lawrence Summers protesting Harvard's action.

From the Crimson:

Weiner said in a press release issued Dec. 13 that American universities should not accept gifts from the Saudi royals, who “have a record of funding terrorist organizations.”

“August institutions like Harvard University and Georgetown University should not accept funding from a family that bankrolls terrorist organizations,” he wrote to Summers. “Their hands should be clean of any relationship with individuals associated with terrorism.”

A few thoughts.

First, this situation has the potential to blow up into a media feeding frenzy, if Bill O'Reilly, et cetera, latch onto it.

Second, there are really two questions here.

Are the allegations true? And if they are, should Harvard turn down the money?

I can't speak to whether this particular Saudi has donated money to Hamas, etc—which is the question at hand, not whether Saudi princes in general have donated money to Hamas.

But if he has, should Harvard take the money nonetheless? Isn't it better for him to give money to Harvard than to terrorists? Shouldn't Harvard use the money to promote understanding and knowledge?

I think there's a credible argument that Harvard should take the money.

Problem is that Larry Summers has criticized people for giving money to Hamas before: 2002 Commencement speaker Zayed Yasin. (And the charge wasn't even accurate.)

He's also run into this tension of the dirty origins of Middle Eastern money before, when Sheik Zayed of the United Arab Emirates wanted to endow a professorship at the Harvard Divinity School. That didn't work out so well for Harvard, which ultimately returned the money.

I'm fascinated by this issue, as it touches upon a number of very important issues for Harvard: the conflicts of globalization and the university, the changing role of Harvard in the world, the desire to find new and deep, deep-pocketed donors, and last but far from least, the question of the university's moral role in the world. These are not easy issues, and I hope they can be civilly debated in the days ahead.
 
Comments:
ImageThe list of blunders, published by the Fineman PR firm since 1995, is used as a watchdog device to show how not to handle public relations. Rockstar made the list not for including hidden soft-core porn scenes in Grand Theft Auto San Andreas, but for the way they handled the aftermath when the scenes were discovered (i.e. the repeated denials and unwillingness to speak to the press about the matter).

"A lot of these blunders oftentimes are not about honest mistakes that people make," said president and creative director Michael Fineman, president of Fineman PR. "Oftentimes the difference lies in the response that the organizations make to the original blunder. And oftentimes that response is filled with arrogance and so forth--and that's really where they make their biggest mistake."

Other blunders that made the list were Tom Cruise's various crazed TV appearances (#1), Pat Robertson's suggestion to "take out" the president of Venezuela (#2), and Harvard president Larry Summers implying that women aren't good at math (#5). Rockstar's fiasco clocked in at a respectable seventh place.

The list comes hot on the heels of MarketWatch's naming of Paul Eibeler as "Worst CEO of 2005". Eibeler is the head of Take-Two, parent company to Rockstar.
 
Hi Richard,
You've been a busy blogger! And here i've been thinking you're busy writing your next book :)

I wouldn't count on O'Reilly or any of his Fox News cohorts to latch on to this particular story in an effort blow up this scandal anytime soon. Your Saudi Prince is a pretty large share holder in News Corp. And by large i mean to say substantial share holder!

Kristen
 
Kristen—
Interesting. I didn't know that.
 
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