Head of LSE resigns for accepting £1.5m donation from leader's son
By Lewis Smith, Friday, 4 March 201
Sir Howard Davies resigned as director of the London School of Economics last night after accepting that the university's links to the Gaddafi family had damaged its reputation.
He said it was "a mistake" to advise the LSE's council to accept £1.5m research funding from a foundation controlled by Colonel Muammar Gaddafi's son, Saif, and that it was in the university's best interests that he go.
....Only £300,000 of the £1.5m from the Gaddafi International Charity and Development Foundation has been passed to the university so far and half of it has been spent on research into civil society and democracy in North Africa. An independent inquiry into the links between the LSE and Libya has already been announced.
Saif Gaddafi studied at the LSE for several years being awarded an MSc followed by a Phd. The doctorate was awarded in 2008 and the deal to offer £1.5m to support research was signed the following year.
Sir Howard also admitted in his letter of resignation to "a personal error of judgment" for accepting an invitation by the British Government to be an economic envoy and for travelling to Libya to advise officials on how to modernise their financial institutions.
chairman of the court of governors at the LSE, said Sir Howard's resignation was accepted "with great regret and reluctance" and that it was offered as "an honourable course in the best interests of the school". He praised the outgoing director's work as