London School of Economics
The London School of Economics was founded in 1895 by Beatrice and Sidney Webb, initially funded by a bequest of £20,000 from the estate of Henry Hunt Hutchinson. Hutchinson, a lawyer and member of the Fabian Society, left the money in trust, to be put "towards advancing its [The Fabian Society's] objects in any way they [the trustees] deem advisable". The five trustees were Sidney Webb, Edward Pease, Constance Hutchinson, William de Mattos and William Clark.
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.