Critics of HEI argued that the company has exploited its workers, a charge the company denies. The president and chief executive of the Harvard Management Company said its decision was unrelated to these complaints and was purely a financial decision.
Princeton announced last month that it would cease its investments in the firm as well. As the representative of the Harvard Management Company stated, the head of the Princeton University Investment Company said the accusations of unfair labor practices did not influence Princeton’s decision.
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