History of the London School of Economics
The history of the London School of Economics dates from 1895, when the School was founded by Fabian Society members Sidney and Beatrice Webb, Graham Wallas, and George Bernard Shaw, with funding provided by private philanthropy, including a bequest of £20,000 from Henry Hunt Hutchinson to the Fabian Society.
London School of Economics Gaddafi links
"The Times" reported on 3 March 2011 that the LSE had secured a £2.2 million deal to train hundreds of members of Libya's elite. The School agreed to bring 400 "future leaders" from Libya for training in leadership and management, with an additional 250 people due to be trained in Libya itself. The private commercial arrangement was made by Gaddafi.
According to WikiLeaks, American diplomats were told in September 2009 by Libya’s National Economic Development Board that they were “co-operating with the U.K. government and the London School of Economics, among other U.K. institutions, on an exchange program to send 400 people to London for leadership and management training." Professor Francis Terry, Dept of Public Management, was academic director for the Libya programme and Julius Sen, LSE Enterprise, the co-director. Professor Terry described his involvement as "a very stimulating experience." According to press reports, references to the program on LSE's website have subsequently been removed.