A protest folk song from 2015 about tax-exempt and "non-profit" Harvard University Inc..'s hidden history, corporate wealth and political influence in U.S. society; and which also indicates why Harvard University Inc. should pay its fair share of corporate taxes like any other for-profit u.s. corporation.
(lyrics)
(chorus)
There's a filthy rich school in Cambridge
And across the Charles River, too
It got rich by evading taxes
And that's How Harvard Rules.
(verses)
Enron ripped off consumers and engaged in accounting fraud
While a top Enron executive sat on Harvard's board
A policy group at Harvard got big money from Enron
To produce biased research that backed no regulation
And before Enron went bankrupt and its executives were sent to jail
Enron paid Harvard profs to say "Enron is doing well." (chorus)
Harvard's Center for Risk Analysis gets sixty percent of its funds
From chemical, drug and oil firms like Monsanto, Lilly and Exxon
Dioxin, driver cell phones and second-hand smoke, Harvard claimed it "posed no risk"
Since Dioxin producers, AT & T and Phillip Morris also gave Harvard gifts. (chorus)
Harvard claims to be "non-profit" yet it owns billions in corporate stock
And hundreds of acres of real estate and a New Zealand lumber forest
Harvard Law and Harvard Business School are money-making machines
And Harvard's money managers get $20 million dollars annually. (chorus)
If you're a janitor at Harvard, you don't get a living wage
And they'll try to bust your union if you're a workers who shows some rage
Yet Harvard Corporation is run by billionaires
And if you didn't go to prep school, they prefer you don't study there
Excluded by its admissions office: 90 percent of applicants
Yet only Harvard graduates control the Supreme Court. (chorus)
The Harvard Corporation it meets so secretly
With all minutes kept secret except from the seven trustees
It secretly picks a president who won't challenge corporate greed
So Microsoft gives millions for a new engineering building
Harvard secretly bought up real estate in Boston's Allston neighborhood
And drove out working-class tenants so Harvard's campus can expand. (chorus)
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