Hope they were heavily invested with Maddoff and Stanford....
Why, this can’t be true. The best economists in the world come from Harvard. Don’t they? I mean, if they can’t manage their own affairs...
Time to start demanding that tenure be abolished and a ‘Fairness Doctrine’ among professors with performance based reviews.
We have to fight fire with fire.
HAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHAHAAHH!!!
N.Y.Times is a death spiral and now this?
Harvard hitting the skids.
There is a GOD.
This is awful!
Too big to fail?????
In a way, that is true, but Mendillo is another leftist, socialist, secularist - and she doesn't have the guts to turn things around at Harvard. All she offers are more speech codes, more quotas, more radical curriculum, and more bowing to the unions.
Oh how the mighty are falling. The peered review is meeting its self full circle.
After the Caterpillar CEO contradicted Obama earlier this week, I’m surprised to see his name. O got Penny Pritzker on .. as I recall her enormously wealthy family had an investment firm that went belly up before the meltdown last Fall. Once again, beyond Yale/GE, th list is heavily Illinois-based which should give no comfort at all.
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...
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.
Here is Harvard’s review at The Fire
A good look at free speech on campus
http://www.thefire.org/index.php/schools/738
Only fitting since there are more than enough Harvard fools in D.C. running this country into the ground.