Harvard Will End Investment in Controversial Company

April 4, 2012

Unite Here, a labor group, announced Tuesday that Harvard University was going to stop investing in HEI Hospitality, a company accused of unfair treatment of its workers (a charge it has denied). The Unite Here announcement said that Harvard was joining "a growing trend of universities across the country distancing themselves" from the company.  The group released e-mail messages from Harvard officials to confirm the decision. But those e-mail messages said that the reason for the decision had nothing to do with the accusations made by Unite Here against HEI. An e-mail from the head of the Harvard Management Company said: "Harvard Management Company has decided not to reinvest in funds managed by HEI. Importantly, this decision was based on factors related to the HMC portfolio and its strategy and needs; not on concerns about HEI's practices."

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