Statement from Katie Lapp, Harvard Executive Vice President, regarding HEI Hotels & Resorts
Friday, December 9, 2011 - 12:00
in Psychology & Sociology
Harvard University has followed with interest reports concerning labor relations at HEI Hotels & Resorts. The administration also has heard from community members regarding these reports and is aware of public statements on HEI made by peer institutions. The Harvard Management Company, as part of its investment and due-diligence process, will review HEI’s business practices and policies, including labor relations, and its compliance with industry standards, regulations and laws, prior to making any decision to re-invest in HEI-sponsored investment funds. Any future decision to re-invest in HEI will take into account all relevant circumstances at that time.
