New Limits on Outside Pay at Harvard Teaching Hospitals

The new year brings new limits on outside pay that senior officials at two teaching hospitals affiliated with Harvard University can accept, The New York Times reported. Senior officials of the hospitals will be required to limit pay to "a level befitting an academic role" and not more than $5,000 as day for serving as outside directors. The officials will also be banned from accepting stock. The limits follow a series of scandals over perceived conflicts of interest by biomedical researchers who have received federal support for work that relates to companies providing them with large sums of money.