Harvard Management's former CEO, Jack Meyer, wasn't concerned. He told The Boston Globe that, "Our [Harken] position increased 1.4 million shares in 1990." All, he maintained, were acquired by Harvard Management from Harken. "We didn't buy any of these shares from any shareholders." (Such as Bush.)
There's much more in these and subsequent filings that make Harvard Management look like it's trying to hide its unlawful acts behind Harvard University's ivied facade. But at a time when his former supporters are distancing themselves from Bush, there's nothing to stop Harvard too from hopping on the hawser and abandoning his sinking ship like yet another rat.
Since there's no expiration date for amending its amendments, Harvard can still come clean. With its endowment rising 16.7 percent in the last fiscal year to an eye-popping $29.2 billion, a settlement with the SEC would be painless.
As for Bush, indictment might give this president an actual legacy. Thanks to him, future presidential hopefuls will be forced to open his or her closet and watch as any financial skeletons hidden inside come clattering out.
