Endowment Director Is on Harvard’s Hot Seat (Cash crunch, margin calls, portfolio meltdown..)

NY Times ^ | 2/21/09 | GERALDINE FABRIKANT

[MinuteGal]

You think you have it bad, LOL. I have a second cousin in DC who is retired State Department, diplomatic corps. We debated by email, but no longer. I finally pulled the plug.

If you want to finish the sentence, "The U.S. Department of State is riddled with........", you will be 100% correct.

Leni

[TigerLikesRooster]

Ergo, she is good at spending money. She can't do a good job of mean things like cost cutting.

[Islander7]

Well, in fairness to my cousin, I did tick him off when I said it is impossible to have a conversation with a deluded, closed mind.

Agree on SD Reds.

[taildragger]

Since we can't read the whole article I will tell you what I know...

A relative ( a Mass Liberal, no more like a Socialist ) went to work for Harvard for a short time...

This person noted to me they wished they could rollover their 401(k) from a former employer or make their new contributions into the endowment since it was being run like a Hedge Fund and in that particular year returned 22%.

The disconnect from risk-reward, asset allocation, and succumbing to the greed they blame us Conservatives for is mind boggling.

Note this is the 2nd MA College in deep do do with the endowment, Brandise was the 1st...

[Da Coyote]

Divinity Schoool? There, I presume, to hopefully make up to God for all the sorry loosers they turn out from the liberal arts side of the house.

Perhaps also for graduating a certain someone from law school who has the intellectual ability of a turnip.

[MinuteGal]

My second cousin attended the University of Chicago many decades ago before he became employed by the State Department diplomatic corps.

The U of C has always been an under-the-radar hotbed of commie, marxist, socialist, radical intelligentsia since the pre-New Deal '20s.

The university is still top-heavy with Marxist professors, including William Ayers, Obama's friend and mentor.

The university is located in the backyard of Obama's "street community". Here, in and around the Hyde Park area, the well-to-do administrators, professors, hangers-on and snobbish leftist wives of the salon-holding type were and are backers of and donators to The One. He knew whom to cultivate on his way up the political ladder.

Harvard is not the only educational socialist/marxist toehold in the U.S., only one of the most blatant. The universities in Berkeley and Madison, Wisconsin also come to mind. They churn out little socialists as well as marxist malcontents every year, many who go on to take plum jobs in our national government where they continue to carry on their goal of undermining our country.

Leni

[cowtowney]

Here is Harvard’s review at The Fire

A good look at free speech on campus

http://www.thefire.org/index.php/schools/738

[dennisw]

Nice looking babe but out of her depth.... You forgot to mention the feminist who runs Harvard. So a real first to have a female president and female director of the Harvard Endowment

Muhammed Al Arian ran the endowment but bailed two yeras ago. He was smart and is now at PIMCO

[Sig Sauer P220]

Only fitting since there are more than enough Harvard fools in D.C. running this country into the ground.

[hinckley buzzard]

Divinity Schoool? There, I presume, to hopefully make up to God

You are kidding, of course. No one at Harvard Divinity School has believed in God in decades.