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The Nation
March 27, 2000.

All the President’s Mien. (Excerpt)

Abraham Brumberg

"Chubais & Co. have benefited greatly from this program. The oligarchs paid Chubais a $3 million fee in the form of an interest-free loan. Subsequently it turned out that two members of the Harvard Institute for International Development, which ran the privatization program, were "using [their] personal relations…for private gain," thus in fact compounding the corruption they helped bring about. Both were summarily dismissed from their jobs, and the HIID terminated its "missionary" activities in Russia. This January, Harvard officials announced that HIID will be dissolving in June, but denied that the move is related to a Justice Department investigation of possible insider trading. (For an excellent analysis of Russia’s economic disasters and the role played by Western economists, see Janine Wedel, Collision and Collusion: The Strange Case of Western Aid to Eastern Europe.) [See also her Nation treatment of the subject, "The Harvard Boys Do Russia," June 1, 1998.]"

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